please solve by forming a balance sheet.

Bramble purchased a new piece of equipment to be used in its new facility. The $375,000 piece of equipment was purchased with a $37,000 down payment and with cash received through the issuance of a $338,000,12%,5-year mortgage payable issued on January 1,2022 . The terms provide for annual installment payments of $93,764 on December 31 . Prepare the journal entry related to the notes payable for December 31,2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Show the balance sheet presentation for this obligation for December 31, 2022. (Hint: Be sure to distinguish between the current and long-term portions of the note) (Enter account name only and do not prowide descriptlve information.)