Sheridan Co. receives $300,000 when it issues a $300,000,11%, mortgage note payable to finance the construction of a building at December 31,2022. The terms provide for annual installment payments of $50,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal ploces, es. 15,250. Credit occount titles are outomatically indented when amount is entered. Do not indent manually)