On January 1, 2014, Hatch Co. borrowed $220,000 cash from First Bank by issuing a five-year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $52, 227. Payments are to be made December 31 of each year, beginning December 31, 2014. Required Prepare an amortization schedule for the interest and principal payments for the four-year period