Accounting for a Mortgage

Kohler Kleaners borrowed $$50,000$ on June $1,2012,$ to finance the purchase of a building. e mortgage requires payments of $$525$ to be made at the end of every month for $12$ years with the first payment being due on June $30,2012.$ e interest rate on the mortgage is $8\%.$

Prepare a mortgage amortization schedule for $2012.$

How much interest will be paid in $2012?$

By how much will the principal amount of the mortgage be reduced by the end of $2012?$