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Required information Problem 9-18 (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displiyed below] On January 1, 2024, Stoops Entertainment purchases a building for $530,000, paying $100,000 down and borrowing the month, with the first payment due on lanuary 31,2024 roblem 9-1B (Algo) Part 2 Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 cimal ploces.) Required information Problem 9-18 (Algo) Record and analyze installment notes (LO9-2) The following information applies to the questions displayed below]. On January 1, 2024, Stoops Entertainment purchases a bulding for $530,000, paying $100,000 down and borrowing the remaining $430,000, signing a(n) 7%,15-year mortgage. Installment payments of $3,864.96 are due at the end of each month, with the first payment due on January 31,2024 Problem 9-1B (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 Joumal Entry Required" in the first account field. Do not roind intermedlate calculations. Round your final answers to 2 decimal places. ? Required information Problem 9-18 (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2024, Stoops Entertainment purchases a bulding for $530,000, paying $100,000 down and borrowing the remaining $430,000, signing a(n) 7\%, 15 -year mortgage Installment payments of $3,864,96 are due at the end of each month, with the first payment due on lanuary 31,2024. Problem 9-1B (Algo) Part 3 3-0. 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. How much of the first payment goes to interest expence and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places, 00 not round intermediate calculations.)

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