The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2021. CCC has a December 31 year-end and makes the required annual payments on December 31. Repaid Principal on Ending Notes Year Beginning Notes Payable Interest Expense Notes Payable Payable 1 14,000 840 3,200 2 10,800 648 3,392 10,800 7,408 3 7,408 444 3,596 3,812 3,812 229 3,812 0 Total 2,161 14,000 Use the amortization schedule to determine (a) the amount of the (rounded) annual payment; (b) the amount of interest expense to report in the year ended December 31, 2021 (Year 1); (c) the note payable balance at January 1, 2024; and (d) the total interest and total principal paid over the note's entire life. (Round your answers to the nearest whole dollar amount.) (a) Annual Payment (b) Interest Expense $ 4,040 (c) Notes Payable (d-1) Total Interest (d-2) Total Principal