Saved On January 1, Year 1, Beatie Co. borrowed $340,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal and Interest are to be paid by making annual payments in the amount of $80,715. Payments are to be made December 31 of each year, beginning December 31, Year 1. Required Prepare an amortization schedule for the Interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) BEATIE CO. Amortization Schedule $340,000, 5-Yr. Term Note, 6% Interest Rate Prin. Bal. Cash Pay. Applied to Applied to on Jan. 11 Dec. 31 Interest Principal Year End of Period Year 1 Year 2 Year 3 Year 4 Year 5 7