1). On January 1, 2024, Brazos Company purchased equipment and signed a six year mortgage note for $110,000 at 15%. The note will be paid in equal annual installments of $29,066, beginning January 1, 2025. On January 1, 2025, the journal entry to record the first installment payment will include a ________. (Round your answer to the nearest whole number.) Question content area bottom Part 1 A. credit to Cash for