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Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2024, Birmingham

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Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2024, Birmingham Enterprises purchases a bulling for $272,000, paying $52.000 down and borrowing the remaining $220.000, signing a 9%, 10 year mortgage. Installment payments of $2.786.87 are due at the end of each month, with the first payment due on January 31,2024 Problem 9-1A (Algo) Part 4 . Total payments over the 10 years are $334.424 (\$2.786.87 120 monthly payments). How much of this is interest expense and how nuch is actual payment of the loan? (Round your final answers to the neorest whole dollor amount.)

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