Milton Company borrowed $95,000 on January 1, 2020, by signing a 6% promissory note. The note is to be repaid in full by December 31, 2025. On December 31 of each year, Milton makes one payment on the installment note comprising blended interest and principal components. The amortization schedule for the note is presented below. Milton has a March 31 year-end. The company does not make monthly adjustments, but rather makes adjusting entries every quarter. Beginning Note Payable Interest Expense Repaid Principal on (6%) Note Payable Ending Note Payable Year 2020 95,000 5,700 13,619 81,381 2021 81,381 4,883 14,437 66,944 2022 66,944 4,017 15,303 51,641 2023 51,641 3,098 16,221 35,420 2024 35,420 2,125 17,194 18,226 2025 18,226 1,094 18,226 (0) Assuming the company makes the required annual payments on December 31, use the amortization schedule to determine the following answers: DO NOT use dollar signs ($) or commas (,) in your responses, just simply type the number with no formatting (i.e 10000). Round all answers to the nearest dollar: (a) the amount of the annual payment (1 point) $ (b) the amount of Interest Expense on this note to report in the year ended March 31, 2020 (1 point) $ (c) the amount of Interest Expense to report in the year ended March 31, 2022 (1 point) $ (d) the total interest and total principal paid over the note's entire life (1 point) $