Tamarisk Inc. developed a new sales gimmick to help sell its inventory of new automobiles. Because many new car buyers need financing, Tamarisk offered a low downpayment and low car payments for the first year after purchase. It believes that this promotion will bring in some new buyers. On January 1, 2020, a customer purchased a new $31,400 automobile, making a downpayment of $1,240. The customer signed a note indicating that the annual rate of interest would be 8% and that quarterly payments would be made over 3 years. For the first year, Tamarisk required a $377 quarterly payment to be made on April 1, July 1, October 1, and January 1, 2021. After this one-year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1, 2023. Prepare a note amortization schedule for the first year. (Round answers to O decimal places, e.g. 38,548.) $ Cash Paid 1240 377 EA $ Interest Expense 0 603 A Discount Amortized Carrying Amount of Note $ (226) 30160 31174 377 623 (246) 30928 377 619 (242) 30686 377 614 (237) 30449