Using a single tab within an Excel Worksheet develop answers to the following acquisition/financing.

Carter Company is acquiring equipment as follows: Carter will pay cash of $200,000 and sign a non-interest bearing note with a face amount of $1,331,000. The fair value (i.e. retail price/market value) of equipment on 3/31/2021 is $1,200,000 The equipment will be placed in operations on the acquisition date with an expected life of 10 years. Carter Company uses straight-line depreciation and expects no salvage value. The face amount is payable 3 years from the date of acquisition (3/31/2021). Carter Company uses a calendar year for its fiscal year. Carter Company can currently obtain loans from its banks at an interest rate of 10% Prepare an amortization table for the note payable and all necessary journal entries for the year ended 12/31/2021 including, as appropriate, adjusting entries.