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, Cicero Corporation borrowed $3 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 $1,143,155 on December 31 of each year. The payments include interest at a rate of 7%. Problem 9-2A (Algo) 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.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 12/31/2024 12/31/2025 12/31/2026