URCES NEXT Exercise 15-10 (Part Level Submission) Dreiling Company borrowed $300,000 on january 1, 20171 by issuing a $300,000, 8% mortgage note payable. The terms call for annual installment payments of $40,000 on December 31 Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to o decimal places, e-g. 15,250. credit automatically indented when amount is entered. Do not indent manually.) count tiles are Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Dec. 31, 2017 Dec. 31, 2018 544 PM