Question Help Kaman Company purchased a building and land with a fair market value of $575,000 (building. $425,000 and land, S150,000) on January 1, 2024. Kattan signed a 25-year, 15% mortgage payable. Kaman will make monthly payments of $7,364.78. Round to two decimal places. Explanations are not required for journal entries. Read the requirements r Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debita tirat, then credits. Exclude explanations from any founo enties) Dato Accounts Debit Credit 2024 Jan. 1 then credits. Exclude explan i Requirements 1. Journalize the mortgage payable issuance on January 1, 2024. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2024. 4. Journalize the second payment on February 28, 2024. Print Done