40 On January 1 Yeart Beatie Co. borrowed $290,000 cash from Central Bank by issuing a five-year 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $68,845. Payments are to be made December of each year, beginning December 31 Yeart 10 Dines Required Prepare an amortization schedule for the interest and principal payments for the five year period (Round your answers to the nearest dollar amount) 59 BLATIE CO Amortization Schedule $290,000,5-Yr. Term Note, 6% Interest Rate Cash Pay Applied to Applied to Dec. 31 Interest Principal Yes Prin Bal. on Jan. 1 Prin Bal End of Period Year 1 Year 2 Yew 3 Yed YOR 5