Do It! Review 10-04 Detwiler Orchard issues a $264,948, 5%, 10-year mortgage note to obtain needed financing for a new lab. The terms call for annual payments of $34,312 each. Prepare the entries to record the mortgage loan and the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit (To record mortgage loan) (To record annual payment on mortgage)