Check my work Required information The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining $110.000, signing a 7%, 10-year mortgage Installment payments of $1.27719 are due at the end of each month, with the first payment due on January 31, 2021 3-a. Record the first monthly mortgage payment on January 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the first monthly mortgage payment. Note: Enter debits before credits Check my work 3-a. Record the first monthly mortgage payment on January 31, 2021 (I no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the first monthly mortgage payment Note: Enter debits before credits Debit Credit Date General Joumal January 31, 2021 Interest Expense Notes Payable Cash 1.277.19 el Prev of 15 Next W Required information January 31, 2021 Interest Expense Notes Payable Cash 1.277.19 Record entry Clear entry View general Journal 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment