Terrance is age 71 and retired. Beginning in 2017, he must start taking minimum distributions from his IRA account that had a balance of $150,000 as of December 31, 2016. Make these three assumptions: his IRA will earn 8% per year; he will withdraw the minimum distribution on the last day of each calendar year, and only one distribution will be taken in 2017. Calculate the amount of his distribution for years 2017 through 2021 and the ending balance in his IRA account on December 31, 2021.