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.)