Required information Problem 9-18 Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below) On January 1, 2021, Stoops Entertainment purchases a building for $540,000, paying $120,000 down and borrowing the remaining $420.000, signing a 8%, 10-year mortgage. Installment payments of $5,095.76 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-18 Part 1. Required: 1. Record the purchase of the building on January 1, 2021 of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction Journal entry worksheet < 1 Record the purchase of the building. Net Enter dearts before credits Date January 01, 2021uildings General Journal Debit Credit 540.000 Cash Required information i Problem 9-18 Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below On January 1, 2021, Stoops Entertainment purchases a building for $540,000, paying $120,000 down and borrowing the remaining $420,000, signing a 8%, 10-year mortgage. Installiment payments of $5,095.76 are due at the end of each month, with the first payment due on January 31, 2021 Problem 9-1B Part 2 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Decrease in Carrying Valve Carrying Value 01/01/2021 01/31/2021 02/28/2021 Problem 9-18 Part 3 3-a. Record the first monthly mortgage payment on January 31, 2021, of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places) Journal entry worksheet < Record the first monthly mortgage payment Note: Enter a res Data January 31, 2021 General Jounal Debit Cred Record entry Clear entry View general journal 3-b. 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.) Interest Expense Reducing the Carrying Value First payment