1. ABC Lab Corp. issues a $980,000, 5.25%, 12-year mortgage note on December 31, 2019. The terms of the note provide for annual install payments, exclusive of real estate taxes and insurance, of $100,000. Payments are due on December 31. (10 pt.) a) Complete the following table Cash Payment Annual Interest Period Issue Date Interest Expense Reduction of Principal Principal Balance 1 2 3 4 5 6 b) Record the journal entry of issuing mortgage note on December 31, 2019 Date Accounting Titles Debit Credit c) Record the journal entry of first installment payment on December 31, 2020 Date Accounting Titles Debit Credit 1 d) Record the journal entry of second installment payment on December 31, 2021 Date Accounting Titles Debit Credit