Carla Vista Electronics issues a $353,500, 3%, 10-year mortgage note on December 31, 2021. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $41,441. Payments are due on December 31. Prepare the entries for (1) the loan and (2) the first installment payment