Requirement 2. Prepare the liabilities section of the balance sheet for Emergency Pharmacies on March 1, 2025 after all the journal entries are recordedFirst, prepare an amortization schedule for the Southside Bank mortgage to March 1, 2026. Prepare the schedule for the first three payments, then theremaining months one at a time. (Round your answers to the nearest whole dollar.)Review the related journal entries you prepared in Requirement 1.BeginningPrincipalInterestTotalEndingBalancePaymentExpensePaymentBalance12/01/20241/01/20252/01/2025X3/01/2025Journal Entries2024ck answerDec. 1Cash550,000Mortgage Payable550,000Dec. 31Interest Expense1,375Interest Payable1,3752025Jan. 1Interest Payable1,375Mortgage Payable5,625Cash7,000Feb. 1Interest Expense1,361Mortgage Payable5,639Cash7,000Mar. 1Interest Expense1,347Mortgage Payable5,653Cash7,000