5 of 10 Current Attempt in Progress Laverne purchased a new piece of equipment to be used in its new facility. The $370,000 piece of equipment was purchased with a $50,000 down payment and with cash received through the issuance of a $320,000,8%,5-year mortgage payable issued on January 1 . 2022. The terms provide for annual installment payments of $80,146 on December 31 . (a) Prepare an installment payments schedule for the five payments of the notes payable. (Round onswers to 0 decimal places, esg. 15,250.) Annual Interest Period issue Date Cash Payment 1 Interest Expense Reduction of Principal inin