On January 1, Year 1, Beatie Co. borrowed $280,000 cash from Central 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 $66,471. Payments are to be made December 31 of each year beginning December 31, Year 1 Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) BEATIE Co. Schedule Prin. Bal. on Jan Cash Pay. Applied toApplied to Prin. Bal. Dec. 31 Pr