Ivanhoe Electronics issues a $432,000, 7%, 10-year mortgage note on December 31, 2021. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $61,507. Payments are due on December 31. Reduction of Principal Prepare an installment payments schedule for the first 4 years. (Round answers to O decimal places, e.g. 15,250.) Annual Interest Period Cash Payment Issue Date 1 2 3 + Interest Expense 6A $ $ +A EA Principal Ba