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On January $1,2024,$ Monster Corporation borrowed $$19$ million from a local bank to construct a new highway over the next

four years. The loan will be paid back in four equal installments of $$5,609,334$ on December $31$ of each year. The

payments include interest at a rate of $7\%.$

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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. $($i$.$e$.,$ $$5\mathrm{.}5$

million should be entered as $5,500,000.).)$

$1$ Record the payment of first installment.

$2$ Record the payment of second installment.

$3$ Record the payment of third installment.

$4$ Record the payment of the fourth installment.

Note : $=$ journal entry has been entered