$On$ January $1,2025,$ Saugatuck Company borrowed $$90000$ for $5$ years $at7\%$ interest. The loan requires $60$ annual payments $of$ $$1538\mathrm{.}44$ due $on$ December $31$ each year. Round all calculations $to$ the penny $(2nd$ decimal place$).$

Complete the amortization schedule for this loan.

NOTE: You are not doing a full $5$ year $(60$ payment$)$ amortization, $soCV$ will not $be0.$

$2$: Prepare the journal entry $to$ record the loan $at$ inception $on$ Jan $1,2025.If$ more than one debit $or$ credit $is$ needed, place them $in$ alphabetical order based $on$ the account names. Round final answers $to$ the second decimal place $(ieto$ the penny$).$

$3$: Prepare the journal entry $to$ record the payment $on$ Feb $1,2025.If$ more than one debit $or$ credit $is$ needed, place them $in$ alphabetical order based $on$ the account names. Round final answers $to$ the second decimal place $(ieto$ the penny$).$

$4$: Prepare the journal entry $to$ record the payment $on$ Mar $1,2026.If$ more than one debit $or$ credit $is$ needed, place them $in$ alphabetical order based $on$ the account names. Round final answers $to$ the second decimal place $(ieto$ the penny$).$