View Policies Show Attempt History Current Attempt in Progress Sandhill Electronics issues a R$388.500, 5%, 10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of R$50,313. Payments are due on December 31. Your answer is correct. Prepare an installment payments schedule for the first 4 years. (Round answers to O decimal places, eg. 15.250) Cash Payment Interest Expense Reduction of Principal Principal Balance 100 50313 $ 1425 $ 30888 357612 50313 50313 17881 12432 32510 16299 14014 291336 Your answer is partially correct Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, es 15,250. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Dec. 31, 2019 0 Cash Mortgage Payable Dec.31.2020 Interest Expense eTextbook and Media. List of Accounts Bonds Payable Interest Payable Debit Credit 3500 19435 Show how the total mortgage liability should be reported on the statement of financial position at December 31.2020. (Enter account name only and do not provide descriptive information. Round answers to O decimal places, eg. 15,250) Sandhill Electronics Statement of Financial Position (Partial) December 31, 2020 Non-current Liabilities Mortgage Payable Current Liabilities Mortgage Payable. eTextbook and Media List of Accounts. Save for Later R$ 325180 R$ 32432 Attempts: 2 of 3 used t