Sheridan Inc. received a five-year bank loan bearing interest at 7% with principal and interest instalment payments due annually. The following instalment payment schedule is partially completed: (a) Fill in the missing amounts. Cash Payment $12,683 12,683 12,683 12,683 12,683 69 Interest Expense 3,007 1,605 833 Reduction of Principal $9,043 10,353 11,850 Principal Balance $52,000 42,957 33,281 11,850

Sheridan inc, received a five-year bank loan bearing interest at 7% with principal and interest instalment payments due annually. The following instalment payment schedule is partially completed: (a) Fill in the missing amounts