Multiple Choice Question 174 Your answer has been saved and sent for grading. On December 1, 2017, Marigold Corporation incurs a 15-year $1000000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $12000, which include interest computed at the rate of 12% per year. The first monthly payment is made on December 31, 2017. The portion of the second monthly payment made on January 31, 2018, which represents repayment of principal is: $2000. $2020. $12000 $9980