Laverne purchased a new piece of equipment to be used in its new facility. The $390,000 piece of equipment was purchased with a $58,500 down payment and with cash received through the issuance of a $331,500, 9%, 5-year mortgage payable issued on January 1, 2017. The terms provide for annual installment payments of $85,226 on December 31. (a) Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e.g. 125.) Annual Interest Cash Payment Interest Expense Reduction of Principal Principal Balance Period $enter a dollar $enter a dollar $enter a dollar Senter a dollar Issue Date amount amount amount amount enter a dollar enter a dollar enter a dollar enter a dollar 1 amount amount amount amount enter a dollar enter a dollar enter a dollar enter a dollar amount 2 amount amount amount enter a dollar enter a dollar enter a dollar amount enter a dollar amount 3 amount amount enter a dollar enter a dollar amount enter a dollar enter a dollar 4 amount amount amount Dis hp Styles Paragraph enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount 2 enter a dollar amount enter a dollar enter a dollar amount enter a dollar amount amount 3 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar enter a dollar amount enter a dollar. amount amount Amount may be off due to rounding. Displa in