Required information Problem 9-1B Record and analyze installment notes (LO9-2) (The following information applies to the questions displayed below.) On January 1, 2021, Stoops Entertainment purchases a building for $510,000, paying $120,000 down and borrowing the remaining $390,000, signing a 8%, 15-year mortgage. Installment payments of $3,727.04 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1B Part 4 4. Total payments over the 15 years are $670,867 ($3,727.04 x 180 monthly payments). How much of this is interest expense and how much is actual payment of the loan? Interest expense Actual payments on the loan