FinanceCo lent $8 million to Corbin Construction on January 1, 2021, to construct a playground. Corbin signed a three-year, 6% installment note to be paid in three equal payments at the end of each year.

Prepare an amortization schedule for the three-year term of the installment note using a Texas Instruments BA 2 financial calculator and prepare the journal entry for the third installment payment.