109 :90 8 Electronics issues a R$400,000, 8%, 10-year mortgage note on December roceeds from the note are to be used in financing a new research laborato the note provide for annual installment payments, exclusive of real esta rance, of R$59,612. Payments are due on December 31. 2stallment payments schedule for the first 2 years (9%) ntries for (1) the loan and (2) the first installment payment. ( 4%) ne total mortgage liability should be reported on the statement on at December 31, 2017. (4%) 109 :90 8 Electronics issues a R$400,000, 8%, 10-year mortgage note on December roceeds from the note are to be used in financing a new research laborato the note provide for annual installment payments, exclusive of real esta rance, of R$59,612. Payments are due on December 31. 2stallment payments schedule for the first 2 years (9%) ntries for (1) the loan and (2) the first installment payment. ( 4%) ne total mortgage liability should be reported on the statement on at December 31, 2017. (4%)