Required information

Problem $9-2$A $($Algo$)$ Prepare amortization schedule and record installment notes $($LO$9-2)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Evanston Corporation borrowed $$22$ 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 $$8,230,416$ on December $31$ of each year. The

payments include interest at a rate of $6\%.$

Problem $9-2$A $($Algo$)$ Part $2$

Prepare an amortization schedule over the three$-$year life of the installment note. $($Round your final answers to the nearest dollar

amount.$)$