Pharoah Company receives $ 385,000 when it issues a $ 385,000, 5%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $37,092 on December 31. Prepare an amortization schedule of a mortgage note for two years. (Round answers to 0 decimal places, e.g. 5,275.) Annual Interest Period Cash Payment Principal Balance Interest Reduction of Principal Expense Issue date $ 12/31/18 12/31/19 List of Accounts Prepare the journal entry to record the mortgage loan. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 List of Accounts