V Check My Work After the final payment, the carrying amount on the note is zero, indicating that the note has been paid in full. c. How will the annual note payment be reported in the Year 1 income statement? of:wouldbereportedontheincomestatement. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4 . Note: Enter all amounts to the nearest whole dollar. Round Year 4 Interest Expense (up or down) to ensure the carrying amount is zero at the end of the note term