Tamarisk, Inc. receives $310,800 when it issues a $310,800,10% mortgage note payable to finance the construction of a building at December 31 , 2022. The terms provide for annual installment payments of $51,800 on December 31 . Prepare the journal entries to record the mortgage loan and the first two payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)