Assume your company$$s year ends on December $31.$ Your company has obtained the following fixed assets:

Building

On January $1,2022,$ you borrowed $$3,000,000$ to construct a new building on your property and issued a $5-$year, $9\%$ note at the bank. This note requires payment of interest each year on December $31$ with all of the principal due at the end of $2026.$

On March $1,2022,$ you spent $$600,000$ for construction.

On October $1,2022,$ you spent $$2,000,000$ for construction.

On December $31,2022,$ you spent $$200,000$ to finish construction and you moved into the new building.

On December $31,2022,$ you paid interest on the bank loan in number $1$ above and recorded any depreciation on the building, assuming a $25-$year expected life, $$600,000$ salvage value, and straight line method of depreciation.

On December $31,2023,$ you paid interest on the bank loan in number $1$ above and recorded any depreciation on the building,

Questions $($please show and label your work$)$

Prepare journal entries for the above events $($to the nearest dollar$)$