• On April 1, 2019, the company purchased a building for $200,000 financed by a mortgage. The mortgage has a 6% annual rate of interest, a ten-year life, and requires equal quarterly payments on March 30^th, June 30^th, September 30^th, and December 31^st

1. For the mortgage:
2. Compute the required quarterly payment.
3. Prepare an amortization table for the life of the mortgage.
4. Prepare all required journal entries for 2019 and 2020.