Exercise 10-2A Amortization schedule for an installment note LO 10-1 2.5 points On January 1, Year 1, Beatle Co. borrowed $300,000 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 $71,219. 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.) Answer is not complete. BEATIE CO. Amortization Schedule $300,000, 5-Yr. Term Note, 6% Interest Rate Prin. Bal. Cash Pay. Applied to Applied to on Jan. 1 Dec. 31 Interest Principal $ 300,000 $ 71,219 Year Prin. Bal. End of Period Year 1 Year 2 Year 3 Year 4 Year 5