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Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2024, Howell Enterprises purchases a building for $349,000,

Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2024, Howell Enterprises purchases a building for $349,000, paying $59,000 down and borrowing the remaining $290,000, signing a 8%, 10-year mortgage. Installment payments of $3,518.50 are due at the end of each month, with the first payment due on January 31, 2024. 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

image text in transcribed \begin{tabular}{|c|c|c|c|c|} \hline Date & Cash Paid & \begin{tabular}{l} Interest \\ Expense \end{tabular} & \begin{tabular}{c} Change in \\ Carrying Value \end{tabular} & Carrying Value \\ \hline 1/1/2024 & & & & \\ \hline 1/31/2024 & & & & \\ \hline 2/29/2024 & & & \\ \hline \end{tabular}

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