3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Hint: look at p. 101 of the chapter 9 notes.) (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment 975 00 Required information (The following information applies to the questions displayed below) On January 1, 2022, Gundy Enterprises purchases an office building for $173,000, paying $43,000 down and borrowing the remaining S130.000, signing a 9%, 10-year mortgage. Installment payments of $1,646.79 are due at the end of each month, with the first payment due on January 31, 2022. 29 3-a. Record the first monthly mortgage payment on January 31, 2022. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations, Round your final answers to 2 decimal places.)