On January 1, Year 1, Zero Company obtained a $52,000,4-year, 6.5% installment note from Regional...

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Accounting

On January 1, Year 1, Zero Company obtained a $52,000,4-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, Year 1. The December 31, Year 2 carrying amount in the allocation of periodic payments table for this installment note will be equal to
$26,000
$28,402
$27,635
$21,642
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