please solve

On January 1, 2024, Rosemont Corporation borrowed $20 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $8,042,296 on December 31 of each year. The payments include interest at a rate of 10% Required: 1. Record the cash received when the note is issued. (If no entry is required for a particular transaction/event- select "No Journal Entry Required" in the first account field. Enter your answer in dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) On January 1, 2024, Rosemont Corporation borrowed $20 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $8,042,296 on December 31 of each year. The payments include interest at a rate of 10%. 2. Prepare an amortization schedule over the three-year life of the installment note. (Round your final answers to the nearest dollar amount.) Date Cash Pald Interest Expense Change in Carrying Value Carrying Value 1/1/2024 12/31/2024 12/31/2025 12/31/2026 On January 1, 2024, Rosemont Corporation borrowed $20 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $8,042,296 on December 31 of each year. The payments include interest at a rate of 10%. 3. Use amounts from the amortization schedule to record each installment payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answer in dollars, not millions. (l.e., $5.5 million should be entered as 5,500,000.).)