Homework On January 1, Year 1, Beatie Co borrowed $330,000 cash from Central Bank by issuing a five year, 6 percent note. The principal and Interest are to be paid by making annual payments in the amount of $78,341 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.) 14 BEATIE CO Amortization Schedule Cash Payments Applied to Interest December 31 Principal Balance on January 1 Year Applied to Principal Principal Balance End of Period Year 1 Year 2 Year 3 Year 4 Year 5 aces