On January 1 Year 1, Beatre Co, borrowed $290,000 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 $68,845. Payments are to be made December 31 of each yeat 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, 8% Interest Rate Cash Pay Applied to Applied to Dec. 31 Interest Principal Year Prin Bal on Jan. 1 Prin Bal End of Period Year 1 Year 2 Year 3 Year 4 Year 5