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Starlight Graphics Ltd. Signed a 10-year, 6,5%. 700.000 mortgage on June 30, 2021. to help finance a new research laboratory. The mortgage terms provide for

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Starlight Graphics Ltd. Signed a 10-year, 6,5%. 700.000 mortgage on June 30, 2021. to help finance a new research laboratory. The mortgage terms provide for semi annual payments of 548,145. Payments are due on December 31 and June 30. The company's year end is June 30. Instructions a) Prepare an instalment payment schedule for the first two years. Round all amounts to the nearest dollar. (8 marks) b) Record the receipt of the mortgage loan on June 30, 2021 (2 marks) c) Record the first two instalment payments on December 31, 2021 and June 30, 2022. (2 marks) NOTE* You are to complete the questions above on appropriate separate document(s). Acceptable formats include: word document, excel documents documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or drag and drop' the file(s) into the upload box at the bottom of this question box

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