Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2024, Howell Enterprises purchases a building for $151,000, paying $41,000 down and borrowing the remaining $110,000, signing a 7%,10 year mortgage. Installment payments of $1,27719 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1A (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? Complete this question by entering your answers in the tabs below. Record the first monthly mortgage payment on January 31, 2024. (If 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 Wote fintar detats befora credits. 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 loa Complete this question by entering your answers in the tabs below. 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.)