Required Indicate whether a bond will sell at a premium (P), discount (D), or face value (F) for each of the following conditions: a. b. C. d. e. The stated rate of interest is higher than the market rate. The market rate of interest is equal to the stated rate. The market rate of interest is less than the stated rate. The stated rate of interest is less than the market rate. The market rate of interest is higher than the stated rate. On January 1, Year 1, Beatle Company borrowed $390,000 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 $90,080. 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 COMPANY Amortization Schedule $390,000, 5-Year Term Note, 5% Interest Rate Principal Cash Payments Year Balance December 31 on January 1 Year 1 Year 2 Year 3 Year 4 Year 5 Applied to Interest Applied to Principal Principal Balance End of Period