Boercise 10-20 (Part Level Submission) Boom Company receives $240,000 when Issues a $240,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2007. The terms provide fo Annual installment payments of $40,000 on December 31 (61) Prepare an amortization schedule of a mortgage note for two years. Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance date 12312 12/24 Boercise 10-20 (Part Level Submission) Boom Company receives $240,000 when Issues a $240,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2007. The terms provide fo Annual installment payments of $40,000 on December 31 (61) Prepare an amortization schedule of a mortgage note for two years. Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance date 12312 12/24