saved Help Save & Exit SL O Check my we Required information The following information applies to the questions displayed below) On January 1, 2021. Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal instaliments of $776,067 on December 31 of each year. The payments include interest at a rate of 8%. Use amounts from the amortization schedule to record each instaliment payment. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the payment of first annual installment on the note payable,