9-1B Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2021, Stoops Entertainment purchases a building for $450,000, paying $120,000 down and borrowing the remaining $330,000, signing a 8%, 15-year mortgage. Installment payments of $3,153.65 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1B Part 3 3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particula transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermedia calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet > 1 Record the first monthly mortgage payment. Note: Enter debits before credits. Date January 31, 2021 Interest Expense Notes Payable Cash General Journal Debit Credit 2,200.00 953.65 3,153.65 Record entry Clear entry View general journal > 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment $ 237,657.00 $ 330,000.00