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Required information Problem 9-2A (Algo) Prepare amortization schedule and record installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024. Evanston Corporation borrowed $25 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 $10,052,870 on December 31 of each year. The payments include interest ot a rate of 10%. 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). Journal entry worksheet Record the receipt of cash from the issue of the note payable. Noth Enter debits before creditn. Journal entry worksheet Record the payment of first annual installment on the note payable. Note: Enter debits before credits