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Donald purchased a new piece of equipment to be used in its new facility. The $360,000 piece of equipment was purchased with a $54,000 down

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Donald purchased a new piece of equipment to be used in its new facility. The $360,000 piece of equipment was purchased with a $54,000 down payment and with cash received through the issuance of a $306,000,6%,5-year mortgage payable issued on January 1 , 2025. The terms provide for annual installment payments of $72,643 on December 31 . Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e.g. 125.) Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e. . . 125.) Prepare the joumal entry related to the notes payable for December 31, 2025, (List all debit entries before credit entries. Credit account titles are automotically indented when amount is entered, Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, es. 125. Show the balance sheet presentation for this obligation for December 31, 2025. (Hint: Be sure to distinguish between the current and long-term portions of the note.) (Round answers to 0 decimal places, e.g. 125.)

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