A company takes out a six$-$year, $$490,000$ long$-$term loan on March $1.$ The interest rate on the loan is $5\%$ per year, and blended payments of $$7,891($including both interest and principal$)$ 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:

$($a$)$

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Determine the missing amounts. $($Round answers to $0$ decimal places, e$.$g$.125.)$

$\backslash$table$[[,\backslash$table$[[$Beginning$],[$Loan Balance$]],,$Payment,,Interest$],[$lent $1,$$$490,000,$$$,7,891,(1),$$$2,042$

B$)$ prepare the journal entries to record the inception of the loan and the first two monthly payment