The Lattimore Company is a retail company that began operations on October $1,2018,$ when it incorporated in the state of North Carolina. The Lattimore Company is authorized to issue $300,000$ shares of $$1$ par value common stock and $60,000$ shares of $6\%,$$$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 Lattimore Company. As a new business, all beginning balances are $$0.$

$($Click the icon to view the chart of accounts.$)$

The Lattimore 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 $1$a$.$ 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.