Kanta Company purchased a building and land with a fair market value of $475,000 (building, $325,000 and land, $150,000) on January 1, 2024. Kanta signed a 25-year, 8% mortgage payable. Kanta will make monthly payments of $3,666.13. Round to two decimal places. Explanations are not required for journal entries. REQUIREMENTS Journalize the mortgage payable issuance on January 1, 2024 Prepare an amortization schedule for the first two payments. Journalize the first payment on January 31, 2024. Journalize the second payment on February 28, 2024