29 On January 1, Year 1, Beatie Co 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. Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) points (8 010724 BEATIE CO. Amortization Schedule $210,000, 5-Yr. Term Note, 7% Interest Rate Cash Pay Applied to Applied to Dec. 31 interest Principal Year Prin. Bal on Jan. 1 Prin. Bal End of Period Year 1 Year 2 Year 3 Year 4 Year 5