Laverne purchased a new piece of equipment to be used in its new facility. The $400,000 piece of equipment was purchased with a $40,000 down payment and with cash received through the issuance of a $360,000, 9%, 5-year mortgage payable issued on January 1,2017. The terms provide for annual installment payments of $92.553 on December 31. Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to O decimal places, e.g. 125.) Annual Interest Period Issue $ Date 1 2 3 4 5 Cash Payment Amount may be off due to rounding. eTextbook and Media List of Accounts Interest Expense Reduction of Principal Princi Balar