Crane Inc. developed a new sales gimmick to help sell its inventory of new automobiles, Because many new car buyers need financing, Crane offered a low downpayment and low car payments for the first year after purchase. It believes that this promotion will bring in some new buyers. On January 1, 2017, a customer purchased a new s32,600 automobile, making a downpayment of $600. The customer signed a note indicating that the annual rate of interest would be 12% andthat quarterly pay ents ould be made over 3 years. For the first year, Crane required a $400 quarterly payment to be made on Apr 1 July 1, October 1, and January 1, 2018. After this one-year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1, 2020 Prepare a note amortization schedule for the first year. (Round answers to o decimal places, e.g. 38,548. Interest Dinscruned Carrying Amount of Note Cash Date , paid Expense Amortized