signment CALEYLATOR FULL SCREEN INTERVENTION CES BACK Question 7 Cullumber Company receives $324,000 when it issues a $324.000, 10% mortgage not yet to face the construction of a building at December 31, 2022. The terms provide for annual Installment payments of $54,000 on December 31 Prepare an amortization schedule of a mortgage note for two years Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal sue date 4000 12/31/23 32400 dy 12/31/24 or jurat try to record the more and contare automatically indented when amount is entered Do not indent manonly) D 34000 CALCULATOR FALSCREEN Prepare the journal entries to record the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent man Date Account Tities and Explanation Debit Crede First Installment Payment Dec 31, 2023 Secondent Payment Dec 31, 2024