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answer plz Oriole Electronics issues a R $420,500,4%,10-year mortgage...

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Oriole Electronics issues a R $420,500,4%,10-year mortgage note on December 31,2019 . The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of R$51,844. Payments are due on December 31 . Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 15,250. Record joumal entries in the order presented in the problem.) Show how the total mortgage liability should be reported on the statement of financial position at December 31,2020 . (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, eg. 15,250.)

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