Paul purchased a new piece of equipment to be used in its new facility. The $405,000 piece of equipment was purchased with a $40,500 down payment and with cash received through the issuance of a $364,500,9%,5-year mortgage payable issued on January 1 . 2022. The terms provide for annual installment payments of $93,710 on December 31 . (a) Your answer is correct. Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to O decimal places, es 125) Prepare the journal entry related to the notes payable for December 31, 2022. (Round answers to 0 decimal ploces, es 125. Credit account titles are outomatically indented when amount is entered. Do not indent manually)