Exercise 10-2A Amortization schedule for an installment note LO 10-1 On January 1 Year 1. Beatie Co. borrowed $200,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $47.479. Payments are to be made December 31 of each year, beginning December 31, Year 1. Required Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.) BEATIE CO. Amortization Schedule $200,000, 5-Yr. Term Note, 6% Interest Rate Cash Pay. Applied to Applied to Dec. 31 Interest Principal Year Prin Bal on Jan. 1 Prin. Bal. End of Parlod Ye2 Yen 3 Year 4 Year 5