& EX Check Exercise 10-2A Amortization schedule for an installment note LO 10-1 On January 1, Year 1, Beatie Co. borrowed $290,000 cash from Central Bank by issuing a five-year, 6 pe note. The principal and interest are to be paid by making annual payments in the amount of $68,845. Payments are to be made December 31 of each year , beginning December 31, Year 1. Sok Rint Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) Year BEATIE CO Amortization Schedule $290,000, 5-Yr. Term Note, 6% Interest Rate Prin Bal Cash Pay Applied to Applied to Prin Bal on Jan. 1 Dec. 31 Interest Principal End of Period $ 290,000 $ 68,845 $ 17.400$ 51,4455 238.555 238,555 68,845 14,313 54,532 184,023 184,023 68,845 11.041 57 804 120,219 126.210 68,845 7,573 61,272 04.047 64,047 00 845 3.000 04.047 0 Year 1 Year 2 Year 3 Year 4 Year 5