On January 1, 2016, Beatie Co. borrowed $400,000 cash from Central Bank by issuing a five-year, 5 percent note. The principal and interest are to be paid by making annual payments in the amount of $92, 390. Payments are to be made December 31 of each year, beginning December 31, 2016. Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.)