Johnson Enterprises borrowed $100,000 on July 1, 2003, to finance the purchase of a building. The mortgage requires payments of $1,075 to be made at the end of every month for 15 years with the first payment being due on July 31, 2003. The interest rate on the mortgage is 10%. 1. Prepare a mortgage amortization schedule for 2003. 2. How much interest will be paid in 2003? 3. By how much will the principal amount of the mortgage be reduced by the end of 2003?