Ivanhoe Company receives $330,000 when it issues a $330,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $55,000 on December 31. (21) Prepare an amortization schedule of a mortgage note for two years. Annual Interest Period Issue date Cash Payment Interest Expense Reduction of Principal Princip Balanc $ 2/31/23 2/31/24 Prepare to you to record the mortgage loan (Round answers to o decimal places, g. 5,275 Credit conies are automatically indented when amount is entered. Do not indent manually.) Wecount Titles and Explanation Debit Credit Data wentnies to record the two installment payments. (Round answers to o decimal places Www account titles automatically indented when amount is entered. Do not indent D Account Titles and Explanation First installment Payment Debt Credit 20 Second Installment Payment