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Oriole Inc. received a five$-$year bank loan bearing interest at $7\%$ with principal and interest instalment payments due annually. The following instalment payment schedule is partially completed:

$($a$)$

Fill in the missing amounts. $($Round answers to $0$ decimal places, e$.$g $2,345.)$

st

d

Cash Payment

Interest Expense

Reduction of Principal

Principal Balance

ite

$2.$

$$16,000$

$$11,408$

$54,192$

$3,793$

$41,985$

$13,061$

$2,025$

$14,949$

$1,051$

$14,949$