The following amortization schedule indicates the interest and principal that Chips 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.

Year	Beginning Notes Payable	Interest Expense	Repaid Principal on Notes Payable	Ending Notes Payable
1	62,000	7,440	12,973	49,027
2	49,027	5,883	14,530	34,497
3	34,497	4,140	16,273	18,224
4	18,224	2,187	18,224	0
Total		19,650	62,000

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 notes entire life. (Round your answers to the nearest whole dollar amount.)