Klowdek Company Purchased a $25,000 Truck on January 1,20X3

Klowdek Company purchased a $25,000 truck on January 1,20X3.The company paid $5,000 and will pay the remaining $20,000 with a 4-year note.The note requires that the company make four equal annual payments starting on December 31,20X3.The note charges 10% interest.Given this information and using present value tables,complete the following chart.
$$\begin{array} { | c | r | l | l | l | l | } \hline \text { Year } & \begin{array} { c } \text { Beginning } \\\text { note payable }\end{array} & \begin{array} { c } \text { Interest } \\\text { expense }\end{array} & \begin{array} { c } \text { End of year } \\\text { cash payment }\end{array} & \begin{array} { c } \text { Reduction of } \\\text { principal }\end{array} & \begin{array} { c } \text { End of year } \\\text { note payable } \\\text { balance }\end{array} \\\hline 20 \times 3 & \$ 20,000 & & & & \\\hline 20 \times 4 & & & & & \\\hline 20 \times 5 & & & & & \\\hline 20 \times 6 & & & & & \\\hline\end{array}$$