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Sheridan Ltd . issued an instalment note on January 1 , 2 0 2 3 ( with a required yield of 1 1 % )

Sheridan Ltd. issued an instalment note on January 1,2023(with a required yield of 11%) in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $127,100. The note calls for three equal blended payments of $47,919 that are to be made at December 31,2023,2024, and 2025.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.
(b2)
Prepare an effective interest amortization table for the instalment note for the three-year period. (Round answers to 0 decimal places, e.g.5,275. Do not leave any answer field blank. Enter 0 for amounts.)
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