1 On January 1, Year 1, Beatie Company borrowed $210,000 cash from Central Bank by issuing a five-year, 7 percent note. The principal and interest are to be paid by making annual payments in the amount of $51,217. Payments are to be made December 31 of each year, beginning December 31, Year 1. 5 points eBook Hint Print References Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) Year Year 1 Year 2 Year 3 Year 4 Year 5 Principal Balance on January 1 BEATIE COMPANY Amortization Schedule $210,000, 5-Year Term Note, 7% Interest Rate Cash Payments December 31 Applied to Interest Applied to Principal Principal Balance End of Period

On January 1. Year 1, Beatie Company borrowed \$210,000 cash from Central Bark by issuing a five-year, 7 percent note, The principal and interest are to be paid by making annual payments in the amount of $51.217. Poyments are to be made December 31 of each year, beginning December 31 , Year 1. Required Prepate an amortization schedule for the interest and principal payments for the five-yeat period. (Round your anwwers to the nearest dolier omount.)