On January 1, Year 1, Beatie Co. borrowed $290,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal anc interest are to be paid by making annual payments in the amount of $68,845. Payments are to be made Dece mber 31 of each year, beginning December 31, Year 1 Required 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 Amortization Schedule $290,000, 5-Yr Term Note, 6% Interest Rate YearPrin Year 1 Year 2 Year 3 Year 4 Year 5 Bal on Jan. 1 Cash Pay. Dec. 31 Applied to Interest Applied to Principal Prin. Bal. End of Period