Problem 9-1A Record and analyze installment notes (LO9-2) Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining $110,000, signing a 7%, 10-year mortgage. Installment payments of $1,277.19 are due at the end of each month, with the first payment due on January 31, 2021. rev: 04_05_2019_QC_CS-165219 Problem 9-1A Part 4 4. Total payments over the 10 years are $153,263 ($1,277.19 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan?

INTREST EXPENSE?

ACTUAL PAYMENTS ON THE LOAN?