On January 1, Year 1, Beatie Co.borrowed $210,000 cash from Central Bank by issuing a five-year, 7 percent note. The principal and interest are to be paid by making annual payments in the amount of $51,217. 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.) BEATIE co Amortization Schedule $210,000, 5-Yr. Term Note, 7% Interest Rate Prin. Bal End of eriod Cash Pay Dec. 31 Prin. Bal on Jan. 1 Applied to Interest Applied to Principal Year Year $ 210 Year Year Year 00o 51,217 14,700 $ 36,517 173,483 173,48351,217 12,413 139,073 134,410 34,410 51,2179,4091,80892,601 926010 51.2 8673,36047,866 6.482 44.735 4 Year