E12-19 (similar to Kelly Company purchased a building and land with a fair market value of $600,000(uing$325,000 ad land, $275,000) an Jenuery 1,2018. Kally signed a yeer, 13% mortgage payable. Keby wal make monthy payments of $6 63720 Read the requirements Round b two dedmal places. E planalons-o not required frjournal ernet erment 1. Joumalize the mortgage payable issuanoe on January 1, 2018. (Record debits Srot thon credits. Exclude explanations from any jounal entries.) Date 2018 Jan. 1 Building 275,000.00 600,000.00 Morigage Payable Requirement 2. Prepare an amortiration schedule for the first two payments. (Round all numbers to the nearest cent) Beginning Princlpal Interest Total Ending Balance Payment Expese Payment Balance 1/1/2018 1312018600000 02 2/28/2018 L- 600000 Enter any number in the edit fields and then click Check Answer Check Answer Clear All MacBook Air 8 6 3 4 2