cample 14.5: JN Min Corporation, a calendar-year compary, borrowed $1,000,000 on August 15, 2015, The note specifies an 8% interest rate and is due in three years. Interest is paid uarterly. The fiscal year ends on December 31 . The current market rate is 12%. Interest is compounded quarterly. IN Min prepares quarterly financial statements. Prepare the 23242526272829303132333435363738394041424344454546 cample 14.5: JN Min Corporation, a calendar-year compary, borrowed $1,000,000 on August 15, 2015, The note specifies an 8% interest rate and is due in three years. Interest is paid uarterly. The fiscal year ends on December 31 . The current market rate is 12%. Interest is compounded quarterly. IN Min prepares quarterly financial statements. Prepare the 23242526272829303132333435363738394041424344454546