On December 31, 2019, ABC Corporation purchased a building costing $500,000 signing an 8%, 5 year mortgage note payable on December 31, 2019. Five ANNUAL payments will be made each year to pay back the mortgage beginning on December 31, 2020. REQUIRED: A. What is the annual installment payment required at an 8% rate? (3 pts) B. Give the general journal entry to record the purchase of the building. (2 pts) General Journal Date Account Titles DR CR C. Prepare an effective interest amortization table for the five years. (5 pts) Annual Cash Interest Book Date Installment Expense Amortization Value D. Give the general journal entries to record each of the five mortgage payments beginning on December 31, 2020. (5 pts) General Journal Date Account Titles DR CR