Superior Spirit Corp 1Journalize the Establishment of the Mortgage and the First Mortgage

Superior Spirit Corp.borrowed $600,000 in the form of a mortgage on January 1,2017,to finance the purchase of a large building.The mortgage rate is 6% and the term is 20 years,and semiannual payments of $25,957.43 are made on January 1 and July 1.The following chart shows the first five mortgage payments.
$$\begin{array} { | l | r | r | r | r | } \hline \begin{array} { c } \text { Semiannual } \\\text { Interest Period }\end{array} & \text { Cash Payment } &{ \begin{array} { c } \text { Interest } \\\text { Expense }\end{array} } & \begin{array} { c } \text { Reduction of } \\\text { Principle }\end{array} & { \begin{array} { c } \text { Principle } \\\text { Balance }\end{array} } \\\hline \text { Jan. 1, 2017 } & & & & \$ 600,000 \\\hline \text { July 1/ 17 } & \$ 25,957.43 & 18,000 & 7,957.43 & 592,042.57 \\\hline \text { Jan. 1/18 } & \$ 25,957.43 & 17,761.28 & 8,196.15 & 583,846.42 \\\hline \text {July 1/18 } & \$ 25,957.43 & 17,515.39 & 8,442.04 & 575,404.38 \\\hline \text { Jan. 1/19 } & \$ 25,957.43 & 17,262.13 & 8,695.30 & 566,709.08 \\\hline \text { July 1/19 } & \$ 25,957.43 & 17,001.27 & 8,956.16 & 557,752,92 \\\hline\end{array}$$ 1.Journalize the establishment of the mortgage and the first mortgage payment made on July 1,2017.
2.Show the balance-sheet presentation of this mortgage on December 31,2017,separating the current and long-term portions.