Analyzing and Reporting Financial Statement Effects of Mortgages On January 1, Patterson Inc. borrowed $2,400,000 on a 10%, 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $156,122 (payable on June 30 and December 31). Each mortgage payment includes principal and interest. Interest is computed using the effective interest method. Indicate the financial statement effects using the template for (a) issuance of the mortgage note payable. (b) payment of the first installment on June 30, and (c) payment of the second installment on December 31. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Note: Round your answers to the nearest whole dollar. Balance Sheet Liabilities Income Statement Expenses Transaction Cash Asset Noncash Assets Contrib. Capital + Earned Capital Revenues - Net Income b. +