Please, answer both question $1$ and $2($and answer all $5$ entries in question $2($requires will be provided below in text$)),$ and only answer if you have the CORRECT ANSWER to the question. if your answer is wrong or irrelevant, I will REPORT it to Chegg and leave a thumb down. So please, check your answer before posting it$!$

On $1$ January $209,$ a borrower signed a long$-$term note, face amount, $$1,950,000$; time to maturity, three years; stated rate of interest, $2\%.$ The effective rate of interest of $6\%$ determined the cash received by the borrower. The principal of the note will be paid at

maturity; stated interest is due at the end of each year. $($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the

tables provided.$)$

Required:

$1.$Compute the cash received by the borrower. $($Round time value factor to $5$ decimal places. Round your intermediate calculations

and final answer to the nearest dollar amount.$)$

$2.$Give the required entries for the borrower for each of the three years. Use the effective interest method. $($If no entry is required for

a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermediate calculations and final

answers to the nearest dollar amount.$)$

$2\mathrm{.}1$ Record the amount borrowed on long term note $(1$ Jan $20$X$9).$

$2\mathrm{.}2$ Record the interest on note $(31$ Dec $20$X$9).$

$2\mathrm{.}3$ Record the interest on note $(31$ Dec $20$X$10).$

$2\mathrm{.}4$ Record the interest on note $(31$ Dec $20$X$11).$

$2\mathrm{.}5$ Record the discharge of note $(31$ Dec $20$X$12).$

This is all the date$/$information from the question. If you can't do it then let others, thanks!