Problem 10-5A (Part Level Submission) Talkington Electronics issues a421,400, 10%, 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 instal lment payments, exclusive of real estate taxes and insurance, of $33,814. Payments are due June 30 and December 31. Your answer is correct. Prepare an installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g. 15,250.) Issue Date 2140 107 381 381 381 381 27 3381 405 4753 95275 122 647 0433 906 Attempts: 1 of 5 used Your answer is partially correct. Try again. Prepare the entries for (1) the loan and (2) the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanatlon Deblt Credit Dec. 31, 2014 Cash 76214001 10% Notes Payable 21400 June 3D, 2015 interest Ex 107 Notes Payable 274 Dec. 31, 2015Interest Expense 00 043 Nobes Payable 3381 38 Attempts: 5 of 5 used Show how the total mortgage ability should breported 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 9061 381 4753 66472 Attempts: 1 of 5 used Your answer is partially correct. Try again. Prepare the entries for)the loan and (2) the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and Explanation Debit Credit Dec. 31, 2014 10% Notes Payable June 30, 2015 nterest Expense Notes Payable 2744 3814 Dec. 31, 2015 nterest Ex 0433 tes Payable 3381 381 Attempts: 5 of 5 used Show how the total mortgage liability should be reported on the balance sheet at Decembe 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 Attempts: 0 of 5 used