Help with part C

Problem 15-04A a-c (Part Level Submission) (Video) Sunland Electronics issues a $448,500,7%, 15-year mortgage note on December 31, 2019. 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 $63,856. Payments are due on December 31. (a) | Your answer is correct. Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, e.g. 15,250.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date 448,500 1 63,856 31,395 32,461 416,039 $ 2 63,856 29,123 34,733 381,306 URL 3 63,856 26,691 37,165 344,141 > 4 63,856 24,090 39,766 304,375 Click if you would like to Show Work for this question: Open Show Work (c) Your answer is partially correct. Try again. Show how the total mortgage liability should be reported on the balance sheet at December 31, 2020. (Ente provide descriptive information. Round answers to o decimal places, e.g. 15,250.) Sunland Electronics Balance Sheet (Partial) December 31, 2020 Current Liabilities Interest Payable 0 Long-term Liabilities Mortgage Payable 416,039 Click if you would like to Show Work for this question: Open Show Work