Page 476 E9-2 On January 1, 2021, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2021. Required: 1. Complete the amortization schedule. 2. Record the loan. 3. Record the first and second installment payment. Req. #1 Date Cash Paid Interest Expense Decrease In Carrying Value Carrying Value