Talkington electronics issues a $400,000, 8%, 10-year mortgage note on december 31, 2016. 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 $59,612. payments are due on december 31.prepare an installment payments schedule for the first 4 years. (round answers to 0 decimal places, e. g. 25, 250.)

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.