$(1)$ Write a journal entry on $\frac{1}{1}\frac{?}{2025}$ for BFR Inc. to recognize the loan $($show calculations$).$

$63,280$

$\frac{1}{2025}$ Not$3$ payable $500,000V,C$

Account Receivably $436,120V$

Notes Receivable $63,200V$

$(2)$ Write a journal entry on $12/31/2025$ for BFR Inc. to recognize the amortization on the Discount on Notes Receivable and the interest earned in $2025($show calculations$).$

Int ReV

$35,000x$

$-5$

$(3)$ What is the carrying value of the promissory note as of $12/31/2025?($calculation only, no journal entry$)$

$(4)$ Write a journal entry on $12/31/2026$ for BFR Inc. to recognize the amortization on the Discount on Notes Receivable and the interest earned during $2026($show calculations$).$

$3$