Exercise 10.6 (Algo) Use of an Amortization Table (LO10-4) Glen Pool Club, Inc. has an installment loan outstanding with a current balance of S147,000. The company makes monthly installments of $1.512, which include interest computed at an annual rate of 6 percent o. Prepare a partial amortization table showing the original balance of this loan, and (2) the allocation of the first two monthly payments between interest expense and the reduction in the loan's unpaid balance b. Prepare the journal entry to record the second monthly payment c. Will monthly interest increase, decrease or stay the same over the life of the loan? Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare a partial amortization table showing (1) the original balance of this loan, and (2) the allocation of the first two monthly payments between Interest expense and the reduction in the loan's unpaid balance. (Enteral amounts as positive numbers. Round your answers to the nearest dollar amount.) Monthly Payment Amortization Table Interest Expense Reduction in Unpaid Balance Unpaid Balance Monthly interest Period Original balance 1 2 hele Required B >