Ivanhoe Company borrowed $303,000 on January 1, 2020, by issuing a $303,000, 10% mortgage note payable. The terms call for annual installment payments of $44,000 on December 31 Prepare the journal entries to record the mortgage loan and the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not in Account Titles and Explanation Debit Credit Date LINK O EXT Indicate the amount of mortgage note payable to be reported as a current liability and as a long-term liability at December 31, 2020. (Round answers to 0 decimal places, e.g. 15,250.) Current liability Long-term liability