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, Cicero Corporation borrowed $6 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 $2,286,310 on December 31 of each year. The payments include interest at a rate of 7%. roblem 9-2A (Algo) Part 2 Prepare an amortization schedule over the three-year life of the installment note. (Round your final answers to the nearest dollar mount.) 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, Cicero Corporation borrowed $6 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 $2,286,310 on December 31 of each year. The payments include interest at a rate of 7%. Problem 9-2A (Algo) Part 3 3. Use amounts from the amortization schedule to record 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., \$5.5 million should be entered as 5,500,000.).)