Required information (The following information applies to the questions displayed below.) On January 1, 2021, Monster Corporation borrowed $9 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 $2,657,053 on December 31 of each year. The payments include interest at a rate of 7%. . Prepare an amortization schedule over the four-year life of the installment note. (Round your answers to the nearest dollar mount.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 12/31/2021 12/31/2022 12/31/2023 12/31/2024