Chapter 10 Assignment:Required Saved Help Save & Exit Submit Check my work 4 Exercise 10.6 Use of an Amortization Table (LO10-4) 10 points Glen Pool Club, Inc.,. has a $143,000 mortgage liability. The mortgage is payable in monthly installments of $1,471, which include interest computed at an annual rate of 12 percent (1 percent monthly). a. Prepare a partial amortization table showing () the original balance of this loan, and (2) the allocation of the first two monthly payments between interest expense and the reduction in the mortgage's unpaid balance. b. Prepare the journal entry to record the second monthly payment c. Will monthly interest increase, decrease, or stay the same over the life of the loan? eBook Ask Print bs below References Complete this question by entering your answers in the ta Required B Required C Required A Prepare a partial amortization table showing (1) the original balance of this loan, and (2) the allocation of the first two monthly payments between interest expense and the reduction in the mortgage's unpaid balance. (Round your answers to the nearest dollar amount. Enter all amounts as positive numbers.)