Problem 10-12A Laverne purchased a new piece of equipment to be used in its new facility. The $450,000 piece of equipment was purchased with a $45,000 down payment and with cash received through the issuance of a $405,000, 9%, 5-year mortgage payable issued on January 1, 2017. The terms provide for annual installment payments of $104,122 on December 31. Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to o decimal places, e.g. 125.) Principal Reduction Annual Cash Interest of Principal Interest Period Payment Expense Balance Issue Date Amount may be off due to rounding LINK TO TEXT LINK TO TEXT