Oriole Company receives $336,000 when it issues a $336,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $56,000 on December 31.

(a1)

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Prepare an amortization schedule of a mortgage note for two years.

Annual Interest Period		Cash Payment		Interest Expense		Reduction of Principal		Principal Balance
Issue date		$enter a dollar amount rounded to 0 decimal places enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places enter a dollar amount rounded to 0 decimal places
12/31/23		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places
12/31/24		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places