Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $145,000. The company makes monthly installments of $1,491, which include interest computed at an annual rate of 6 percent. a. 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. 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 C 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. (Enter all amounts as positive numbers. Round your answers to the nearest dollar amount.) Monthly Interest Period Original balance Monthly Payment Amortization Table Interest Expense Reduction in Unpaid Balance Unpaid Balance 1 2 < Required A Required B > Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $145,000. The company makes monthly installments of $1,491, which include interest computed at an annual rate of 6 percent. a. 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. 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 C Prepare the journal entry to record the second monthly payment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 Record second monthly installment on mortgage payable. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $145,000. The company makes monthly installments of $1,491, which include interest computed at an annual rate of 6 percent. a. 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. 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 C Will monthly interest increase, decrease, or stay the same over the life of the loan? Monthly interest will over the life of the loan < Required B Required C >