Novak purchased a new piece of equipment to be used in its new facility. The $379,000 piece of equipment was purchased with a $45,000 down payment and with cash received through the issuance of a $334,000, 11%, 5-year mortgage payable issued on January 1, 2022. The terms provide for annual installment payments of $90,370 on December 31. (a) Prepare an installment payments schedule for the first three payments of the notes payable. (Round answers to O decimal places, e.g. 15,250.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Ba Issue Date $ 1 $ $ $ 2 3 4 5