I need the solutions to this problem!

Required Information [The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining $110,000, signing a 7% 10-year mortgage Installment payments of $1.277.19 are due at the end of each month with the first payment due on January 31, 2021 3-o. Record the first monthly mortgage payment on January 31, 2021. (if no entry is required for a particular transaction event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations. Round your final answers to 2 decimal places.) 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment