(b) Your answer is correct. Prepare the journal entry related to the notes payable for December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Dec 31, Interest Expense 2021 36740 Mortgage Payable 53630 Cash 90370 e Textbook and Media List of Accounts Attempts: 3 of 5 used (c) Show the balance sheet presentation for this obligation for December 31, 2022. (Hint: Be sure to distinguish between the current and long-term portions of the note.) (Enter account name only and do not provide descriptive information.) Novak Balance Sheet December 31, 2022 $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (a) Your answer is correct Prepare an installment payments schedule for the first three payments of the notes payable. (Round answers to decimal places, eg. 15,250.) Cash Payment Interest Expense Reduction of Principal Principal Balance $ 334000 90370 $ 36740 $ $ 53630 280370 90370 30841 59529 220841 90370 24293 66077 154764 90370 17024 73346 81418 90370 8952 81418 0 e Textbook and Media List of Accounts Attempts: 1 of 5 used