Exercise $10-4$A $($Algo$)$ Financial statement effects of an installment note LO $10-1$

A partial amortization schedule for a $10-$year note payable issued on January $1,$ Year $1,$ is shown next:

$\backslash$table$[[\backslash$table$[[$Accounting$],[$Perlod$]],\backslash$table$[[$Principal$],[$Balance$],[$January $1]],\backslash$table$[[$Cash$],[$Payment$]],\backslash$table$[[$Applied to$],[$Interest$]],\backslash$table$[[$Applied to$],[$Principal$]]],[$Year $1,$$$210,000,$$$27,196,$$$10,500,$$$16,696$