Exercise 10-7 (Part Level Submission) The following instalment payment schedule is for a long-term bank loan payable: Cash Payment Interest Expense Reduction of Principal Interest Period Issue date $24,214.43 24,214.43 24,214.43 24,214.43 24,214.43 $6,120.00 5,034.33 3,883.53 2,663.67 1,370.62 $18,094.43 19,180.10 20,330.90 21,550.76 22,843.81 Principal Balance $102,000.00 83,905.57 64,725.47 44,394.57 22,843.81 0.00 v (a) Is the above schedule a fixed principal plus interest or blended principal and interest payment schedule