points) On January 1, 2021, Gundy Enterprises purchases an office building for $327,000. paying $57,000 down and borrowing the remaining $270,000, signing a 7%, 10-year mortgage. Installment payments of $3,135 are due at the end of each month, with the first payment due on January 31, 2021. Insert your answers for #1 - 4 in boxes below. Don't use commas, decimals or $ and round to closest dollar. Date Cash Paid Interest Expense Decrease in Carrying Carrying Value After first Value payment 1/31/2021 1. 2. 3. 4. A/ A A/ Total payments over the 10 years are $376,200 ($3,135 x 120 monthly payments). How much of the payments are for 1. Interest expense Actual payments on the loan 2. A/