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Problem $9-1$A $($Algo$)$ Record and analyze installment notes $($LO$9-2)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Birmingham Enterprises purchases a building for $$228,000,$ paying $$48,000$ down and borrowing the

remaining $$180,000,$ signing a $8\%,10-$year mortgage. Installment payments of $$2,183\mathrm{.}90$ are due at the end of each month,

with the first payment due on January $31,2024.$

Problem $9-1$A $($Algo$)$ Part $3$

$3-$a$.$ Record the first monthly mortgage payment on January $31,2024.$

$3-$b$.$ How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan?

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How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan?

$($Round your answers to $2$ decimal places. Do not round intermediate calculations.$)$