Bridgeport purchased a new piece of equipment to be used in its new facility. The $429.000 piece of equipment was purchased with a $38,000 down payment and with cash received through the issuance of a $391,000,11%,5-year mortgage payable issued on January 1, 202.2. The terms provide for annual installment payments of $105,793 on December 31 Prepare the journal entry related to the notes payable for December 31,2022 . (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.)