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Sunland Electronics issues a $358,500,5%,10-year mortgage note on December 31,2021 . The proceeds from the note are to be used in financing a new researchlaboratory.

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Sunland Electronics issues a $358,500,5%,10-year mortgage note on December 31,2021 . The proceeds from the note are to be used in financing a new researchlaboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of \$46,427, Payments are due on December 31. Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, eg. 15,250)

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