On January 1, 2021, Gundy Enterprises purchases an office building for $250,000, paying $50,000 down and borrowing the remaining $200,000, signing a 8%, 10- year mortgage. Installment payments of $2,426.55 are due at the end of each month, with the first payment due on January 31, 2021 Required: 1. Record the purchase of the building on January 1, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) TWaETSATTala Required information Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Clear entry Record entry View general journal 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Interest Expense Decrease in Date Cash Paid Carrying Value Carrying Value 1/1/2021 1/31/2021 2/28/2021 3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the first monthly mortgage payment. Note: Enter debits before credits. General Journal Debit Credit Date January 31, 2021 4. Total payments over the 10 years are $291,186 ($2,426.55 much is actual payment of the loan? 120 monthly payments). How much of this is interest expense and how Interest expense Actual payments on the loan