Swifty Manufacturing Inc. intends to finance the acquisition of new manufacturing equipment that costs $152.000 by issuing a five- year, 3.50% note payable. The note would be issued on January 1, 2024. Swifty's year end is December and the note would require annual payments on December 31. The finance company has given Swifty the choice of making blended payments of $33,665, or making fixed payments of $30,400 plus interest. Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable. Semi-annual Interest Period Jan. 1, 2024 Dec. 31, 2024 Dec. 31, 2025 Cash Payment Interest Expense Reduction of Principal $ Princi Balar

Swifty Manufacturing inc intends to finance the acquisition of new manufacturing equipment that costs $152,000 by issuing a five year, 3,50\% note payable. The note would be issued on January 1,2024. Swifty's year end is December and the note would require annual payments on December 31 . The finance company has given Swifty the choice of maling blended payments of $33,665, or making fixed payments of $30,400 plus interest Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable