Kaler Company purchased a building and land with a fair market value of $525,000 (building, $275,000 and land, $250,000) on January 1, 2018. Kaler signed a 15-year, 10% mortgage payable. Kaler will make monthly payments of $5,641.68. Round to two decimal places. Explanations are not required for journal entries. Read the requirements Date Accounts Debit Credit 2018 Jan. 1 275,000.00 Building Land 250,000.00 Mortgage Payable 525,000.00 Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent.) Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 1/1/2018 1/31/2018 2/28/2018