Problem 15-04A a-c (Part Level Submission) (Video) Sandhill Electronics issues a $352,500, 596, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $45,650. Payments are due on December 31. Your answer is partially correct. Try again. Prepare an installment payments schedule for the first 4 years. (Round answers to O decimal places, e.g 15,250.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date 352500 33961 45650 16744 32500 32500 3 Click if you would like to Show Work for this question: Open Show Work Ind11