Robert purchased a new piece of equipment to be used in its new facility. The $405,000 piece of equipment was purchased with a $40,500 down payment and with cash received through the issuance of a $364,500, 8%, 5-year mortgage payable issued on January 1, 2022. The terms provide for annual installment payments of $91,291 on December 31. Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places, e.g. 125.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date Amount may be off due to rounding. Prepare the journal entry related to the notes payable for December 31, 2022. (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 eTextbook and Media List of Accounts Show the balance sheet presentation for this obligation for December 31, 2022. (Hint: Be sure to distinguish between the current and long-term portions of the note) (Round answers to 0 decimal places, e.g. 125.) ROBERT Balance Sheet (Partial)