Press A company takes out an eight-year, 5660,000 mortgage on September 1. The interest rate on the mortgage is 6% per year, and blended payments of $8,673 (including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: Determine the missing amounts. (Round answers to decimal places, c3, 125.) Beginning Mortgage Balance Payment Interest Payment 1 PI $660,000 $ (1) $3,300 Payment 2 654,627 8.673 (3) e Balance Payment Interest Principal $660,000 $ (1) $3,300 $5.373 654,627 8,673 (3) (5) 8,671 3.246 5,427 643.800 8.673 3.219 5,454 e Textbook and Media Prepare the journal entries to record the inception of the mortgage and the first two monthly payments. Ignore year end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash Loan To record the inception of the mortgage) Interest Expense loan Cash (To record the first monthly payment) Interest Expense Cash To record the second monthly payment)