Tony's favorite memorles of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a blt as he and Suzle jogged along a nature trall and came across a wonderful plece of property for sale. He turned to Suzle and sald, "I've always wanted to start a camp where familles could get away and spend some quality time together. If we just had the money, I know this would be the perfect place." On November 1, 2022, Great Adventures purchased the land by Issuing a $600,000,6%,9-year Installment note to the seller. Payments of $7,203 are required at the end of each month over the life of the 9-year loan. Each monthly payment of $7,203 Includes both interest expense and principal payments (I.e., reduction of the loan amount). Late that night Tony exclaimed, "We now have land for our new camp; this has to be the best news ever!" Suzle sald, "There's something else I need to tell you. I'm expecting!" They decided right then, If It was a boy, they would name him Venture. Required: 1. Complete the first three rows of an amortization schedule. 2. \& 3. Record the purchase of land with the Issuance of a long-term note payable on November 1, 2022, and the first two payments on November 30,2022 , and December 31,2022 , and calculate the remaining balance of the note payable as of December 31 , 2022 . (If no entry is required for a partlcular transaction, select "No Journal Entry Required" In the first account field.)