Moving to another question will save this response. Question 9 of 3 Question 9 3 points On January 1, 2018, Benbrook Company purchased equipment and signed a six-year mortgage note for $160.000 at 15%. The note wil be paid in equal monthly installments of $4,278, beginning January 1, 2019. Calculate the balance of Mortgage Payable after the payment of the first installment. (Round your answer to the nearest whole number.)