i need help with B. Thank you

Sunland Electronics issues a $448,500,7%,10-year mortgage note on December 31, 2021. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual instaliment payments, exclusive of real estate taxes and insurance, of $63,856. Payments are due on December 31. (a) Your answer has been saved. Seescore details after the due date. Prepare the entries for (1) the loan and (2) the first installment payment. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal ploces, e.8. 15, 250. Record journal entries in the order presented in the problem)