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 O decimal places, es. 125.) Paul 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 recelved through the istuance of a $364,500,9%,5-vear mortgage payable issued on January 1. 2022. The terms provide for annual installment payments of 593,710 on December 31. (a) Your answer is correct. Prepare an installment payments schedule for the first five payments of the notes payable. (Round onswers to 0 decimal places, es. 125. Prepare the journal entry related to the notes payable for December 31, 2022. (Round answers to O decimal places, eg. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually) 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 ansvivers to 0 decimal places, ess 125.)