Exercise 10-2A Amortization schedule for an installment note LO 10-1 On January 1, Year 1, Beatie Co. borrowed $310,000 cash from Central Bank by issuing a five-year, 7 percent note. The principal and interest are to be paid by making annual payments in the amount of $75,606. Payments are to be made December 31 of each year, beginning December 31, Year 1. Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) BEATIE CO. Amortization Schedule $310,000, 5-Yr. Term Note, 7% Interest Rate Cash Pay. Applied to Applied to Dec. 31 Interest Principal Year Prin. Bal. on Jan. 1 Prin. Bal. End of Period Year 1 Year 2 Year 3 Year 4 Year 5 Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. b. Pear, Inc. issued $157,000 of 10-year, 8 percent bonds at 103. Apple, Inc. issued $143,000 of five-year, 12 percent bonds at 98. Cherry Co. issued $199,000 of five-year, 6 percent bonds at 102 1/4. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 99. . d