LO1 Mortgage Payable SE2. Hagler Corporation purchased a building by signing a $150,000 long-term mort- gage with monthly payments of $1,200. The mortgage carries an interest rate of 8 per- cent per year. Prepare a monthly payment schedule showing the monthly payment, the interest for the month, the reduction in debt, and the unpaid balance for the first thr months. (Round to the nearest dollar.)