16 (Appendix 9B) Reporting a Mortgage Note On January 1, 2018, Wong Corporation signed a mortgage note for $5,000,000 at 8 percent for a term of five years. Mortgage payments are made semi-annually on June 30 and on December 31 . Each mortgage payment is a blend of interest on the unpaid amount and a partial repayment of the principal loan. Required: 1. Compute the amount of each mortgage payment. 2. Record the mortgage payments on June 30,2018 , and December 31,2018. 3. What is the current portion of the mortgage at December 31,2018 ? What portion of the mortgage would appear as long-term debt on the statement of financial position at that same date