Problem 15-4A alking on Electronics issues 5353,500 3% 15-year mortgage note on December 31, 2016 insurance, of 41,441. Payments are due on December 31. he proceeds om he note are to be used in financing a new research aboratory. The terms he note provide or annual installment payments, exclusive o real estate a es and Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, e.g. 15,250.) Annual Tnterest Period Cash Payment Tnterest Expense Reduction of Principal Principal Balance ssue Date ACCOUNTS SHOW LIST OF LINK TO TEXT LINK TO TEXT 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 manuay, Round answers to 0 decimal places, e.g. 15,250.) Date Dec. 31, 2016 Account Titles and Explanation Debit Credit Dec. 31, 2017 Show how the total mortgage liability should be reported on the balance sheet at December 31, 2017, (Enter account name only and do not provide descriptive intormation. Round ansvers to 0 decimal places, e.g. 15,250) Ralance Sheet (Partial) Click if you would like to Show Work for this question: Open show Work SHOW LTST OF ACCOUNTS LTNK TO TEXT L NK TO TEXT