Wasagamak Co. issued a 10 year, 7% compounded semi-annually, $140,000 note payable to finance the purchase of new solar panels on August 31, 2022. The terms provide for semi-annual instalment payments on February 28 and August 31. Required: Prepare the journal entries to record the first and second instalment payments assuming the payment is a blended payment of $11,240. (Round to two decimal places)