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Instructions: Complete the interest amortization table for the 1st few months of the mortgage based on the provided background information. Then, respond to the question

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Instructions: Complete the interest amortization table for the 1st few months of the mortgage based on the provided background information. Then, respond to the question below. Background: On January 2, 2021 Becca's Dog Walking Business takes out a mortgage for $30,000 on the office building it uses to perform accounting and other adminstrative work. The 15 -year fixed mortgage has an interest rate of 3%. Becca will be required to pay $900 a month on this mortgage to pay it off. \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Date } & Cash Paid & Interest Expense & Payment Down on Mortgage & Carrying Value of Mortgage \\ \hline 1/2/21 & & & & 30,000 \\ \hline 2/1/21 & & & \\ \hline 3/1/21 & & & \\ \hline 4/1/21 & & & \\ \hline \multicolumn{3}{|c|}{ You can stop here } & \\ \hline \end{tabular} How much debt related to the mortgage will still be outstanding as of April 30, 2021

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