Exercise 10-2A Amortization schedule for an installment note LO 10-1 On January 1, 2016, Beatie Co. borrowed $350,000 cash from Central Bank by issuing a five-year, 5 percent note. The principal and interest are to be paid by making annual payments in the amount of $80,841. Payments are to be made December 31 of each year, beginning December 31, 2016 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 Cco Amortization Schedule $350,000, 5-Yr. Term Note, 5% Interest Rate Prin. Bal on Jan. 1 Cash Pay. Dec. 31 Applied to Interest Applied to Principal Prin. Bal End of Period year 2016 2017 2018 2019 2020