Michael purchased a new piece of equipment to be used in its new facility. The $$380,000$ piece of equipment was purchased with a

$$57,000$ down payment and with cash received through the issuance of a $$323,000,8\%,5-$year mortgage payable issued on January $1,$

The terms provide for annual installment payments of $$80,897$ on December $31.$

Prepare an installment payments schedule for the first five payments of the notes payable. $($Round answers to $0$ decimal places, e$.$g$.$

$125.)$