show all of the steps

On 1/1/23 a firm purchases a building for $100,000. They sign a 5 year, 10% mortgage note which will be paid off in 5 equal annual installments each 12/31 from 2023 through 2027. 1. What is the amount of the annual payment? 2. Record the purchase of the building 3. Record the 12/31/23 and 12/31/24 payments On 1/1/23 a firm issues $100,000 of 10%,10 year bonds at 96 . The bonds pay interest each 12/31. Th firm uses straight-line amortization. On 1/1/25 the bonds are repurchased/retired/redeemed at 97 . Provide all entries through 1/1/25 On 1/1/23 a firm issues $100,000 of 6%,10 year bonds. The bonds pay interest each 12/31. The b are sold to yield 10%. 1. Calculate the issue price of the bonds 2. Record the issuance of the bonds 3. Record interest and amortization at 12/31/23 and 12/3124