The Holmes Sales Company sells a building lot to Ruth Watson on September 1, 1979, for \(\$ 27,000\). The down payment is \(\$ 3.000\), and minimum payments of \(\$ 265\) a month are to be made on the contract. Interest at the rate of 12 percent per annum on the unpaid balance is deducted from each payment, and the balance is applied on the principal. Payments are made as follows: October 1. \$265; November 1, \$265; December 1, \$600; January 2, \$265.

Prepare a schedule showing payments, interest and principal, and remaining liability at each of these dates. Round amounts to the nearest dollar.