On $12/31/2019$ Snyder $($borrower$)$ issued a $$500,000,12\%,15-$year mortgage note. The terms provide for semi$-$annual installment payments of $$36,324$ on June $30$ and Dec. $31$ of each subsequent year.

Requirements:

a$.$ Create a mortgage amortization schedule for the next two years.

b$.$ Show all required journal entries $($issue date of note and next $4$ payments$).$

c$.$ Show how the long$-$term note will be shown on the balance sheet for each of the next two years.