Paul purchased a new piece of equipment to be used in its new facility. The $405,000 piece of equipment was purchased with a $40,500 down payment and with cash received through the issuance of a $364,500,9%,5-year mortgage payable issued on lanuary 1. 2022. The terms provide for annual installment payments of $93,710 on December 31. (a) Prepare an installment payments schedule for the first five payments of the notes payable, (Round answers to 0 decimal places, es 125) Paul purchased a new piece of equipment to be used in its new facility. The $405,000 piece of equipment was purchased with a $40,500 down payment and with cash received through the issuance of a $364,500,9%,5-year mortgage payable issued on lanuary 1. 2022. The terms provide for annual installment payments of $93,710 on December 31. (a) Prepare an installment payments schedule for the first five payments of the notes payable, (Round answers to 0 decimal places, es 125)