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A A -... 12A wab x x A Aa A vev EEEEE A Styles Exercises 31 (14 points) On December 1, 2019, Driscoll, Inc. signed

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A A -... 12A wab x x A Aa A vev EEEEE A Styles Exercises 31 (14 points) On December 1, 2019, Driscoll, Inc. signed a 10 year mortgage in the amount of $275,000 in conjunction with the purchase of an office building. This note is payable in equal monthly installments of $2,784 which include interest computed at an annual rate of 4%. The first monthly payment is made on December 31, 2019. a. Prepare an amortization table for the first two payments. b. How much of the first payment made on December 31, 2019, is allocated to repayment of principal? c. With respect to this note, Driscoll's December 2019 income statement includes interest expense of d. With respect to this note, Driscoll's January 2020 monthly income statement includes interest expense of c. Driscoll's balance sheet at December 31, 2019 includes a total liability for this mortgage payable of (Do not separate into current and long-term portions.) The aggregate annual cash payments Driscoll will make over the lo year life of the mortgage payable amount to R. Over the year life of the mortgage, the amount Driscoll will pay for interest amounts to English (United States) Focus E SEE

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