Bramble Inc. received a five-year bank loan bearing interest at 7% with principal and interest instalment payments due annually. The following instalment payment schedule is partially completed:

(a) Fill in the missing amounts. Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue date $42,000 1 $10,244 $enter a dollar amount $7,304 34,696 2 enter a dollar amount 2,429 enter a dollar amount 26,881 3 enter a dollar amount enter a dollar amount 8,362 enter a dollar amount 4 enter a dollar amount 1,296 enter a dollar amount 9,571 5 enter a dollar amount 673* 9,571 enter a dollar amount *Adjusted for rounding differences.