Please answer the blank. ANSWER ALL three forms.

Frevert purchased a new piece of equipment to be used in its new facility. The $448,000 piece of equipment was purchased with a $42,000 down payment and with cash received through the issuance of a $406,000, 9%, 5-year mortgage note payable issued on October 1, 2014. The terms provide for quarterly installment payments of $25,433 on December 31, March 31, June 30, and September 30 (a) Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to O decimal places, e.g. 125.) Cash Payment Interest Expense Reduction of Principal Principal Balance Quarterly Interest Period Issue Date 1 2 3 4 5 40600 25433 25433 25433 25433 25433