Required information (The following information applies to the questions displayed below.) On January 1,2024 , Rosemont Corporation borrowed $31 milion from a local bank to construct a new buiding over the next three years. The loan will be paid back in three equal installments of $12,465,559 on December 31 of each year . The payments inciude interest at a rate of 10% Create an amortization schedule for this loan on scratch paper. Use amounts from the amortization schedule to fecord 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., 55.5 million should be entered as 5,500,000. ).) Journal entry worksheet Record the payment of first annual installment on the note payable. Notez Enter debies before credits, Journal entry worksheet Record the payment of second annual installment on the note payable. Note: Enter debits before credits. Journal entry worksheet 1 Record the payment of third annual installment on the note payable. Note: Enter debits before credits