On January 1, Year 1, King's Inn purchased furnishings at a cost of $7,581.57. The loan was a five-year loan and had an interest rate of 10%. The annual payment is $2,000 Please complete the first 2 years' worth of the amortization table. (5 pts) Date Payment Interest Expense Reduction in Balance Unpaid Balance 12/31/1 12/31/2 With respect to this note, Ronald's Year 1 income statement includes interest expense of , and Ronald's balance sheet at December 31, Year 1, includes a total liability . (Do not separate into current and long-term portions.) for this note payable of (b) The aggregate monthly cash payments Ronald will make over the 5-year life of the note payable amount to S