Check my work Required information [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $140,000, paying $40,000 down and borrowing the remaining $100,000, signing a 9%, 10-year mortgage. Installment payments of $1,266.76 are due at the end of each month, with the first payment due on January 31, 2024. 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 1/31/2024 2/29/2024 $ 1,266.76 $ 1,266.76 750.00 ! Required information [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $140,000, paying $40,000 down and borrowing the remaining $100,000, signing a 9%, 10-year mortgage. Installment payments of $1,266.76 are due at the end of each month, with the first payment due on January 31, 2024. 3-a. Record the first monthly mortgage payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? Complete this question by entering your answers in the tabs below. Req 3a Req 3b Record the first monthly mortgage payment on January 31, 2024. (If no entry is required for a particular transaction/event, sel Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decima View transaction list View journal entry worksheet No Date General Journal 1 January 31, 2024 Interest Expense Notes Payable Cash < Req 3a Req 3b > Debit Credit 750.00 Required information [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $140,000, paying $40,000 down and borrowing the remaining $100,000, signing a 9%, 10-year mortgage. Installment payments of $1,266.76 are due at the end of each month, with the first payment due on January 31, 2024. 4. Total payments over the 10 years are $152,011 ($1,266.76 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? (Round your final answers to the nearest whole dollar amount.) Interest expense Actual payments on the loan