On January 1, Piotroski, Inc., borrowed \(\$ 800,000\) on a \(12 \%\), 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of \(\$ 58,119\) (payable on June 30 and December 31). Each mortgage payment includes principal and interest. Interest is computed using the effective interest method. Indicate the financial statement effects using the template for

(a) issuance of the mortgage note payable,

(b) payment of the first installment on June 30, and

(c) payment of the second installment on December 31.