Access an online loan calculator with annual payments, such as the one at mycalculators.com, to produce an amortization schedule for Welton Corporation$$s installment note that has original principal of $$55,000,$ interest of $10$ percent compounded annually, and a term of $3$ years. $($Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.$)$

Required:

$($a$)$ What is the annual payment?

$($b$)$ Of this amount, how much represents interest in year $1?$

$($c$)$ How much principal is included in the year $1$ payment?

$($d$)$ How much interest is included in the year $2$ payment?

$($e$)$ Over time, has the interest become a smaller or larger component of the annual payment?