Windsor Construction Inc. needed financing to buy two Case graders. Windsor receives $260,000 on January 1, 2022, when it issues a 5-year, 5% mortgage note payable. The terms provide for semi-annual instalment payments on June 1 and January 1, with fixed principal amounts. Calculate the fixed principal amount required each six-month period. Fixed principal portion $ e Textbook and Media List of Accounts Question Part Score --/0.5 Prepare an instalment payment schedule for the first three interest periods. WINDSOR CONSTRUCTION INC. Instalment Payment Schedule - Fixed Principal Payments Cash Payment Interest. Darind Prepare an instalment payment schedule for the first three interest periods. Interest Period WINDSOR CONSTRUCTION INC. Instalment Payment Schedule - Fixed Principal Payments Cash Payment Interest Expense Reduction of Principal $ Principal Balance $ Jan. 1,2022 A $ July 1, 2022 Jan. 1. 2023 July 1, 2023 e Textbook and Media Assistance Used List of Accounts Question Part Score Prepare the journal entries to record the mortgage note payable and the first three instalment payments. Prepare any necessary adjusting entries at Windsor's December 31, 2022 year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 July 1, 2022 Dec. 31, 2022 Jan. 1, 2023 July 1, 2023 e Textbook and Media Question Part Score --/1 Provide the balance sheet disclosure for the mortgage note payable at December 31, 2022, being specific about the classifications. WINDSOR CONSTRUCTION INC. Balance Sheet (Partial) December 31, 2022 I $ e Textbook and Media List of Accounts --12 Question Part Score Attempts: 0 of 3 used Submit Answer Save for Later Your grade has been recorded in the Gradebook.