1. ?

2. 400000

3. ?

4. ?

Long-Term Notes Receivable and TVM. Use the following present value tables to help answer the following questions. *Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or $ sign. (Sorry... Blackboard is very sensitive and will mark your answer incorrect due to rounding and punctuation.) PV of $1 Periods 3 5 4% .89 .82 10 9 .70 .68 6% .84 .74 .56 .59 .50 8% .79 .68 .46 9% .77 .65 .46 42 Present Value of an Ordinary Annuity 2.77 4.45 4% 6% 7.43 6.80 8.11 7.36 2.67 4.21 8% 6.71 2.57 2.53 3.99 3.89 6.25 5.99 9% 6.41 Present Value of an Annuity Due 4% 6% 2.8808 4.628 7.7272 8.4344 2.8302 4.4626 7.208 7.8016 2.7756 4.3092 6.750 7.2468 2.7577 4.2401 6.5291 6.9869 8% 9% Part I. On April 1, 2020, ABC Company rendered services to Jones Company in exchange for a three year, $400,000, 8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately. December 31st is the fiscal year end for ABC. Jones' normal cost to borrow is 8%. Required: Use the above information to answer the next (4) 1. Determine the dollar amount of the cash payment of P&I to be remitted each $[Question_1] April 1st: 2. Determine the Service Revenue ABC can recognize on April 1, 2020. 3. Determine the Total Interest Revenue that ABC will recognize on this note for the $ year ended December 31, 2021. Current Assets: Interest Receivable $ 4. Prepare a partial Balance Sheet for this Note Receivable as of December 31, 2020: Note Receivable $_ Long-Term Investments: Note Receivable $