Problem 10-07A a-c (Part Level Submission) Sunland Company issues a $402,000, 109, 10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $65,424. Payments are due on December 31. (a) Your answer is correct. Prepare an installment payments schedule for the first 4 years. (Round answers to decimal places, e.g. 15,250.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date HUHT FECO (b) Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Click if you would like to show Work for this questioni Open Show Work