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Bridgeport purchased a new piece of equipment to be used in its new facility. The...

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Accounting

Bridgeport purchased a new piece of equipment to be used in its new facility. The $429,000 piece of equipment was purchased with a $38,000 down payment and with cash received through the issuance of a $391,000,11%,5-year mortgage payable issued on January 1,2022. The terms provide for annual installment payments of $105,793 on December 31.
(a)
Prepare an installment payments schedule for the five payments of the notes payable. (Round answers to 0 decimal places, eg.15,250.)
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