PART II: LongTerm Liabilities -10 MARKS QUESTIONS 30 to 34 Use this given information to answer Questions 32-34. Taube Corporation takes out a four-year $1,000,000 mortgage on May 1. The Worest rate on the loans per year, and blended payments of 323,30 including both mterest and principol) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company Payment Interest Principal Ending Loan Balance 3381,137 Beginning Loan Balance Payment $1.000.000 Payment 2 981.137 Payment 982.195 Payment 943, 174 $23,030 54.167 $18,863 23.030 (11 18.042 962,195 23.030 4,009 19.021 19. 101 123 924 073 23 030 9.920 The missing amounts in the loan amortization table are: O a. (1): $4,003 and (2): $940,132 Ob. (1): $4,088 and (2): $943 174 Oc. (1): $4,167 and (2): $987,499 Od (1): $1,151 and (2): $937,030 The journal entry for the inception of the loan is: O a. Dr. Cash $1,000,000; Cr. Account payable $1,000,000 O b. Dr. Accounts receivable $1,000,000; Cr. Mortgage payable $1,000,000 Oc. Dr. Cash $23,030; Cr. Mortgage payable $23,030 O d. Dr. Cash $1,000,000; Cr. Mortgage payable $1,000,000 The journal entry for the fourth payment is recorded as: O a. Dr. Interest expense $3,929; Dr. Cash $19,101: Cr. Mortgage payable $23,020 O b. Dr. Mortgage payable $23,030; Cr. Cash $23,030 Oc. Dr. Accounts receivable $23,030; Cr. Cash $23,030 Od Dr. Interest expense $3,929; Dr. Mortgage payable $19,101: Cr. Cash $23,020