210-5A Talkington Electronics issues a R$400,000, 8%, 10-year mortgage note on Decem- laboratory. The terms of the note provide for annual installment payments, exclusive of ber 31, 2016. The proceeds from the note are to be used in financing a new research 700 W Instructions barbie as (a) Prepare an installment payments schedule for the first 4 years. (6) Prepare the entries for (1) the loan and (2) the first installment payment. (c) Show how the total mortgage liability should be reported on the statement of financial position at December 31, 2017