KellermanCompany purchased a building and land with a fair market value of $525,000(building, $375,000 andland, $150,000)on January 1, 2016.Kellermansigned a 15 year, 10%mortgage payable. Kellermanwill make monthly payments of $5,641.68.

Prepare an amortization schedule for the first two payments.

	Beginning Balance	Principa Payment	Interest Expense	Total Payment	Ending Balance
1/1/2016					525,000
1/31/2016
2/28/2016