QUESTION 22 On January 1, 2018. Algood Company purchased equipment and signed a six-year mortgage note for $186,000 at 15%. The note will be paid in equal annual installments of $49,148, including both principal and interest, beginning January 1, 2019. Calculate the balance of Mortgage Payable after the payment of the first installment. (Round your answer to the nearest whole number.) $163,752 $164,752 $166,752 $165,752 QUESTION 23 A company purchased 400 units for $35 each on January 31. It purchased 135 units for $40 each on February 28. It sold 200 units for $55 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 317 (Assume that the company uses a perpetual inventory system.) $8,000 $7,675 $7,325 $7.000