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r 14 HW Saved FinanceCo lent $9.0 million to Corbin Construction on January 1, 2018, to construct a playground. Corbin signed a three-year installment note

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r 14 HW Saved FinanceCo lent $9.0 million to Corbin Construction on January 1, 2018, to construct a playground. Corbin signed a three-year installment note to be paid in three equal payments at the end of each year. (FV of S1. PV of $1, FVA of $1. PVA of $1, FVAD of $1an PVAD of S) (Use appropriate factor(s) from the tables provided.) Required 1. Prepare the journal entry for FinanceCo's lending the funds on January 1, 2018. 2. Prepare an amortization schedule for the three-year term of the installment note. 3. Prepare the journal entry for the first installment payment on December 31, 2018. 4. Prepare the journal entry for the third installment payment on December 31, 2020. Print Complete this question by entering your answers in the tabs below Req 2 Req1 3 and 4 Prepare an amortization schedule for the three-year term of the installment note. (Enter your answers in whole dollars.) Decrease inOutstanding Dee. 31 Cash Payment Effective Interest D Balance Balance 9,000,000 2018 2019 2020 Req 1 3 and 4 >

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