.com/was/ui/v2/assessment-player/index.html?launchld=9c2eb3af-23fa-454d-93d1-fc0624d0da14#/question/4 Question 5 of 5 < Current Attempt in Progress 0.33/1 Crane Electronics issues a $356,500, 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 $41,793. Payments are due on December 31 (a) Your Answer Correct Answer Your answer is correct. Prepare an installment payments schedule for the first 4 years. (Round answers to O decimal places, e.g. 15,250) Cash Payment Interest Expense Reduction of Principal Principal Balance 356.500 41793 $ 10695 31098 325402 41793 293371 32031 9762 uestion 5 of 5 < (b) 0.33/1 41793 10695 $ 31098 325402 41793 9762 32031 293371 41793 8801 32992 260379 41793 7811 33982 226397 eTextbook and Media List of Accounts Attempts: 3 of 3 used Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round answers to O decimal places, eg. 15,250, Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cre E Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round answers to O decimal places, eg. 15,250. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cre