P10-5B Crosettis Electronics issues an $800,000, 896, 10-year mortgag 2017, to help finance a plant expansion program. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $119,224. Payments are due on December 31 e note on December 31, Instructions (a) Prepare an installment payments schedule for the first 4 years. PROBLEM 10-5B Annual Interest Reduction of Principal Cash Interest Expense PeriodPayment Balance Issue Date 800,000