yplus.com/edugen/student/mainfrun M Kimmel, Financial Accounting, Be Assignment Gradebook ORION Downloadable eTextbook Wiley PLUS: HyWileyPLUS 1 Help | Contact Us PRINCIPLES OF FINANCIAL ACCOUNTING (ACCT& 201 CALCULATOR FULL SCREEN PRINTER VERSION BACK Problem 10-12A (Part Level Submission) Laverne purchased a new piece of equipment to be used in its new facility. The $350,000 piece of equipment was purchased with a $52,500 down payment and with cash received through the issuance of a $297,500, 7%, 5-year mortgage payable nsued on January 1, 2017. The terms provide for annual installment payments of $72,557 on December 31. 1111 Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e.g. 125.) Annual Interest Period Cash Payment Jesue Date S Interest Expense Reduction of Principal Principal Balance Amount may be off due to rounding Click if you would like to Show Work for this question Quan Show Work