6 Exercise 14-19 (Algo) Installment note; lender; amortization schedule [LO14-3] 12.5 points Finance Co lent $9.1 million to Corbin Construction on January 1, 2021, to construct a playground. Corbin signed a three-year, 4% installment note to be paid in three equal payments at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) eBook Required: 1. Prepare the journal entry for FinanceCo's lending the funds on January 1, 2021. 2. Prepare an amortization schedule for the three-year term of the installment note. 3. Prepare the journal entry for the first installment payment on December 31, 2021. 4. Prepare the journal entry for the third installment payment on December 31, 2023. COD Hint Complete this question by entering your answers in the tabs below. Print Reg 2 Req 1 3 and 4 References Prepare an amortization schedule for the three-year term of the installment note. (Enter your answers in whole dollars.) Dec. 31 Cash Payment Effective Interest Decrease in Balance Outstanding Balance 9,100,000 6,214.000 2021 364,000 2.886.000 2022 2023 2,275,000 3,250,000 3,250,000 8,775,000 364,000 2,886,000