Required information [The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $294.000, paying $54,000 down and borrowing the remaining $240,000, signing a 7%, 10-year mortgage Installment payments of $2.786.60 are due at the end of each month, with the first payment due on January 31, 2021. 3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the first monthly mortgage payment. Note: Enter debits before credits General Journal Debit Date January 31 2021 Credit January 31, 2021 Record entry Clear entry View general Journal 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment