Keel Company purchased a building and land with a fair market value of $650,000 (building. $550,000 and land, $100,000) on January 1, 2016. Keel signed a 20-year 0% mortgage payable. Keel will make monthly payment of $5,436.86 Requirements 1. Joumalize the mortgage payable issuance on January 1, 2016 (explanations are not required) 2 Prepare an amortization schedule for the first two payments 3 Joumalize the first payment on January 31, 2016 (round to two decimal places) 4 Joumalze the second payment on February 29, 2016 (round to two decimal places) Requirement 1. Journalize the mortgage payable issuance on January 1, 2016 (explanations are not required) (Record debits first, then credits. Exclude explanations from any joumal ente) Date Accounts Debit 2016 Building Jan. 1 Land 550,000.00 100,000.00 650,000.00 Mortgage Payable Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cont Ending Beginning Principal Interest Total Payment Expense Payment Balance Balance 1/1/2016 1/31/2016 2/28/2010