On January $1,$ Year $1,$ Beatie Company borrowed $$330,000$ cash from Central Bank by issuing a five$-$year, $6$ percent note. The principal and interest are to be paid by making annual payments in the amount of $$78,341.$ 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.

Note: Round your answers to the nearest dollar amount.On January $1,$ Year $1,$ Beatie Company borrowed $$330,000$ cash from Central Bank by issuing a five$-$year, $6$ percent note. The principal and interest are to be paid by making annual payments in the amount of $$78,341.$ 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.

Note: Round your answers to the nearest dollar amount.

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