The Kinston Company is a retail company that began operations on October 1, 2018, when it incorporated in the state of North Carolina. The Kinston Company is authorized to issue 200,000 shares of $1 par value common stock and 70,000 shares of 6%, $40 par value preferred stock. The company sells a product that includes a one-year warranty and records estimated warranty payable each month. Customers are charged a 5% state sales tax. The company uses a perpetual inventory system. There are three employees that are paid a monthly salary on the last day of the month. Following is the chart of accounts for The Kinston Company. As a new business, all beginning balances are $0. (Click the icon to view the chart of accounts.) The Kinston Company completed the following transactions during the last quarter of 2018, its first year of operations: (Click the icon to view the transactions.) Read the requirements. Requirement 1a. In preparation for recording the transactions, prepare: An amortization schedule for the first 3 months of the mortgage payable issued on October 1. Round interest calculations to the nearest dollar. Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 10/01/2018 11/1/2018 12/1/2018 01/01/2019