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Problem 10-5A Talkington Electronics issues a $393,100, 6%, 10-year mortgage note on December 31, 2014. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $26,422 Payments are due June 30 and December 31 Prepare an installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g. 15,250.) emiannual Interest Peri Cash Payment Interes xpense Reduction of Principal Principal Balance Issue Date Prepare the entries for (1) the loan an e first two installment payments it account titles are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and Explanation Credit Dec. 31, 2014 June 30, 2015 Dec. 31, 2015 Show how the total mortgage liability should be reported on the balance sheet at December 31, 2015. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2023.) Talkington Electronics Balance Sheet December 31, 2015 Question Attempts: 0 of 3 use 018 by John All rights r