Required information

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

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

On January $1,2024,$ Strato Corporation borrowed $\backslash (\backslash$$ $2\backslash )$ million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $\backslash (\backslash$$ $776,067\backslash )$ on December $31$ of each year. The payments include interest at a rate of $\backslash (8\backslash \%\backslash ).$

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

$2.$ Prepare an amortization schedule over the three$-$year life of the installment note. $($Round your final answers to the nearest dollar amount. Enter your answer in dollars, not millions. $($i$.$e$.,\backslash (\backslash$$ $5\mathrm{.}5\backslash )$ million should be entered as $\backslash (5,500,000\backslash ).).)$