Whitmore Corporation Issues a 3,000,000, 10%, 10-year mortgage on December 31, 2017. The terms call for annual installment payments of 488,235.The entry to record the first installment payable will include

a. a credit to Cash of 300,000

b. a debit to Interest Payable of 488,235

c. a debit to Interest Expense of 188,235

d. a debit to Mortgage Payable of 188,235