Crane Co. receives $267,000 when it issues a $267,000,10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $44,500 on December 31 . Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.)