A company takes out a five-year, $1.4-million mortgage on October 1. The interest rate on the loan is 4% per year, and blended payments of $25,783 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company with: Beginning Loan Balance Ending Loan Payment Interest Principal Balance Payment 1 $1,400,000 $25,783 $7,000 $18,783 $1,381,217 Payment 2 1,381,217 25,783 6,906 18,877 1,362,340 Payment 3 1,362,340 25,783 6,812 18,971 1,343,369 Payment 4 1,343,369 25,783 6,717 19,066 1,324,303 (b) Prepare the journal entries to record the inception of the loan and the first two monthly payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit