Kellerman Company purchased a building and land with a fair market value of $550,000 (building, $425,000 and land, $125,000) on January 1, 2018. Kellerman signed a 20-year, 6% mortgage payable. Kellerman will make monthly payments of $3,940.37. Round to two decimal places. Explanations are not required for journal entries. Read the requirements. Jan. 1 Building 425,000.00 125,000.00 Land Mortgage Payable 550,000.00 Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent.) Beginning Balance Principal Payment Interest Expense Total Payment Ending Balance 1/1/2018 1/31/2018 2/28/2018 Enter any number in the edit fields and then click Check Answer. parts 2 remaining Clear All Check