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 Land 425,000.00 125,000.00 Requirements 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. Journalize the mortgage payable issuance on January 1, 2018. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2018. 4. Journalize the second payment on February 28, 2018. 1/1/2018 1/31/2018 2/28/2018 Print Done