P15-4A Talkington Electronics issues a $400,000, 896, 15-year mortgage note on Decem- ber 31, 2016. The proceeds from the note are to be used in financing a new research labo- ratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $59,612. Payments are due on December 31. Instructions (a) Prepare an installment payments schedule for the first 4 years. (b) Prepare the entries for (1) the loan and (2) the first installment payment