Question: Susan Grey has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1,

Susan Grey has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1, 2021, Susan was loaned $162,000 at an annual interest rate of 5%. The loan is repayable over 5 years in annual installments of $37418, principal and interest, due each June 30. The first payment is due June 30, 2022. Susan uses the effective-interest method for amortizing debt. Her ski hill company's year-end will be June 30. Prepare an amortization schedule for the 5 years, 2021-2026, (Round answers to 0 decimal places, e.g. 125.) Period Cash Payment Interest Expense Principal Reduction Balance July 1 2021 $ June 30 2022 June 30. 2023 June 30. 2024 June 30. 2025 June 30 2026 Total $

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