Question 2 of 4 1.5/5 iew Policies how Attempt History wurrent Attempt in Progress Larkspur Construction Inc. needed financing to buy two Case graders. Larkspur receives $ 390,000 on January 1, 2022, when it issues a 5-year, 5% mortgage note payable. The terms provide for semi-annual instalment payments on June 1 and January 1, with fixed principal amounts. Your answer is incorrect. Calculate the fixed principal amount required each six-month period. Fixed principal portion $ 39000 eTextbook and Media List of Accounts Question Part Score 0/0.5 Your answer is correct Prepare an instalment payment schedule for the first three interest periods. LARKSPUR CONSTRUCTION INC. Instalment Payment Schedule - Fixed Principal Payments Interest Period Cash Payment Interest Expense Reduction of Principal Princhi Question Part Score 0/0.5 Your answer is correct. Prepare an instalment payment schedule for the first three interest periods. LARKSPUR CONSTRUCTION INC. Instalment Payment Schedule - Fixed Principal Payments Interest Period Cash Payment Interest Expense Reduction of Principal Princip Jan. 1. 2022 $ $ July 1, 2022 48750 9750 39000 Jan. 1 2023 47775 8775 39000 July 1 2023 46800 7800 39000 eTextbook and Media List of Accounts Date Account Titles and Explanation Debit Credit Jan. 1, 2022 July 1, 2022 Dec. 31, 2022 Jan. 1, 2023 July 1, 2023 Provide the balance sheet disclosure for the mortgage note payable at December 31, 2022, being specific about the classifications. LARKSPUR CONSTRUCTION INC. Balance Sheet (Partial) December 31, 2022 e Textbook and Media List of Accounts