Problem 10-13A Grace Herron has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1, 2013, Grace was loaned $210,000 at an annual interest rate of 6%. The loan is repayable over 5 years in annual installments of $49,853, principal and interest, due each June 30. The first payment is due June 30, 2014. Grace uses the effective-interest method for amortizing debt. Her ski hill companys year-end will be June 30. Prepare an amortization schedule for the 5 years, 20132018. (Round answers to 0 decimal places, e.g. 125.) Period Cash Payment Interest Expense Principal Reduction Balance July 1, 2013 $ $ $ $ June 30, 2014 June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 * * Amount may be off due to rounding.