Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $134,000 by signing a mortgage payable at an annual interest rate of 9%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill companys year-end will also be June 30.

(a)

Prepare an amortization schedule for the 5 year term of the mortgage, assuming the payment is a blended principal and interest payment of $34,450. (Round answers to the nearest whole dollar, e.g. 5,275.)

Annual Interest Period	Cash Payment		Interest Expense		Reduction of Principal		Principal Balance
July 1, 2018							$
June 30, 2019	$		$		$
June 30, 2020
June 30, 2021
June 30, 2022
June 30, 2023
Total