Example $14\mathrm{.}5$: JN Min Corporation, a calendar$-$year company, borrowed $$1,000,000$ on August $15,2015.$ The note specifies an $8\%$ interest rate and is due in three years. Interest is paid

quarterly. The fiscal year ends on December $31.$ The current market rate is $12\%.$ Interest is compounded quarterly. JN Min prepares quarterly financial statements. Prepare the

amortization table for the note and the journal entries for $2015.$