Company A sells a machine to Company B on September 1 for $27,000. The down payment to be paid by Company B is $3,000, Company B must pay monthly minimum payments of $265,12% interest rate per annum on the unpald balance is deducted from each payment and the balance is applied to reduce the principat outstanding. Company B makes the following payments to Company A : Prepare a partal amortization schedule in order to answer the following question. In preparing an amortization schedule, what is the balance on the loan to be used on September 1