On January 1, Year 1, Beatie Co. borrowed $370,000 cash from Central Bank by Issuing a five-year, 8 percent note. The principal and Interest are to be paid by making annual payments in the amount of $92,669. Payments are to be made December 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.) Principal Balance on January 1 BEATIE CO. Amortization Schedule Cash Payments Applied to December 31 Interest Year Applied to Principal Principal Balance End of Period Year 1 Year 2 Year 3 Year 4 Year 5