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Required information (The following information applies to the questions displayed below.) On January 1, 2021. Gundy Enterprises purchases an office building for $272,000, paying $52,000

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Required information (The following information applies to the questions displayed below.) On January 1, 2021. Gundy Enterprises purchases an office building for $272,000, paying $52,000 down and borrowing the remaining $220,000 signing a 9%, 10-year mortgage Installment payments of $2.786.87 are due at the end of each month, with the first payment due on January 31, 2021, 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Pald Interest Expense Decrease in Carrying Value Carrying Value 1/1/2021 1/31/2021 2/28/2021

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