Ivanhoe Electronics issues a $376,500,5%, 15-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 $48,758. Payments are due on December 31. (a) Your answer is correct. Prepare an installment payments schedule for the first 4 years. (Round answers to O decimal places, e.g. 15,250.) (b) Annual Interest Period Cash Payment Issue Date Interest Expense Reduction of Principal 1 $ 48,758 $ 18,825 $ 29,933 2 48,758 3 48,758 4 eTextbook and Media List of Accounts 17,328 15,757 31,430 33,001 48,758 14,107 34,651 $ Principal Attempts: 1 of 3 used 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, e.g. 15,250. Record journal entries in the order presented in the problem.) (c) Date Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.