On January 1, Year , Beatie Coborowed $240,000 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 $56,975. Payments are to be made December 31 of each year beginning December 31 Year Required Prepare an amortization schedule for the interest and principal payments for the five year period. (Pound your answers to the nearest dollar amount.) BEATECO Amortation schedule Cash Payments Applied to December 31 Pin Balance on Lanuary 1 Year Arolled Principal Principal Dalane End of Period Year Year Year Ver Year 5