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  3. on january 1, year 1, hawk company borrowed $118,0

On January 1, Year 1, Hawk Company borrowed $118,000 from the Community Bank, Issuing a...

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Accounting

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On January 1, Year 1, Hawk Company borrowed $118,000 from the Community Bank, Issuing a three-year, 8% note payable. Payments of $45,787,95 are to be made each year on December 31 . The payment will include both the interest and a portion of the principal. Rec, Ired: Prepare an amortization schedule for the note Note: Enter all your values as positive values. Round your answers to 2 decimal places

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