Matrix Consulting Agency signed a 10-year, 6.6%, $722,580 mortgage on June 30, 2017, to help finance a new office building. The mortgage terms provide for semi-annual blended principal and interest payments of $49,926. Payments are due on December 31 and June 30. The company's year end is June 30. Prepare an instalment payment schedule for the first two years. (Round answers to the nearest whole dollar, e.g. 5,275.) Semi-annual Cash Interest Reduction of Principal Interest Period Payment Expense Principal Balance June 30, 2017 $ Dec. 31, 2017 to June 30, 2018 Dec. 31, 2018 June 30, 2019 Pg 3 of 8