Required information [The following information applies to the questions displayed below] On January 1, 2024, Evanston Corporation borrowed $22 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 $8,230,416 on December 31 of each year. The payments include interest at a rate of 6% 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).) es View transaction list Required information [The following information applies to the questions displayed below] On January 1, 2024, Evanston Corporation borrowed $22 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 $8,230,416 on December 31 of each year. The payments include interest at a rate of 6% 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 Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 12/31/2024 12/31/2025 12/31/2026 39 Required information [The following information applies to the questions displayed below] On January 1, 2024, Evanston Corporation borrowed $22 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 $8.230,416 on December 31 of each year. The payments include interest at a rate of 6% 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. (i.e., $5.5 million should be entered as 5,500,000.).) View transaction list Journal entry worksheet 1 2 3 Record the payment of first annual installment on the note payable. 4