Sheridan Co$.$ receives $$232,000$ when it issues a $$232,000,10\%,$ mortgage note payable to finance the construction of a building at December $31,2022.$ The terms provide for annual installment payments of $$37,000$ on December $31.$

$($a$)$

Prepare the journal entries to record the mortgage loan and the first two installment payments. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$