On January 1, Year 1. Beatie Co, borrowed $300,000 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 $71.219. Payments are to be made December 31 of each year, beginning December 31, Year 1. Required Prepare an amorization schedule for the interest and principal payments for the five-year period (Round your answers to the nearest dollar amount.) BEATIE CO Amortization Schedule Cash Applied to Payments Interest December 31 Year Principal Balance on January 1 Applied to Principal Principal Balance End of Period Year 1 Year 2 Year 2 Year 4 Years