On January 1, 2014, Mixon Co. borrowed cash from First City Bank by issuing a $63,000 face value, three-year term note that had a 8 percent annual interest rate. The note is to be repaid by making annual cash payments of $24,446 that include both interest and principal on December 31 of each year. Mixon used the proceeds from the loan to purchase land that generated rental revenues of $33,390 cash per year.

a.

Prepare an amortization schedule for the three-year period. (Round your answers to the nearest whole dollar amount.)

b.	Organize the information in accounts under an accounting equation. (Round your answers to the nearest whole dollar amount. Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".)