Ivanhoe inc. developed a new sales gimmick to help sell its inventory of new cars. Becruse many new car buyers meed financing. Ivanhoe offered a low down payment at the time of purchase and low car payments for the first year after purchase. It believes that this promotion will bring in some new buyers. On January 1, 2023, a customer purchased a new $34,800 automobile, making a down payment of $3,300. The customer signed a note indicating that the arnual rate of interest would be 8% and that quarterly payments would be made over 3 years. For the first year, Ivanhoe required a $400 quarterly payment to be made on April 1, July 1, October 1, and January 1, 2024. After this one-year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1, 2026. Click here to view the factor table PRESENT VAL UE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare a note amortization schedule for the first year, (Round answers to 0 decimal ploces, es 5,275.)