Lynne Michals secures a mortgage loan of \(\$ 56,000\) from the Oakley National Bank. The terms of the mortgage require monthly payments of \(\$ 830\). The interest rate to be applied to the unpaid balance is 9 percent per year.

Calculate the distribution of payments for the first 4 months between principal and interest and present the new balance figures. Prepare a table showing payments, interest and principal, and remaining liability at each of these dates. Round amounts to the nearest dollar.