2. On August 31, 2021, Barnie Company made a loan, accepting a promissory note from Flintstone Inc. The note has a due date of August 31, 2024. Barnie will receive interest on the note on August 31 of each year. Assume that Barnie Company follows IFRS and has a year end of December 31. morks Face value of promissory note 414,000 Stated rate of interest for the note 4% Market rate of interest for a note of similar risk 10% Required: 1. Calculate the present value of the note on the date of issue. (2 marks) 2. Prepare an amortization table for the entire term of the loan. (3 marks) 3. Prepare the journal entries required on each of the following dates: (a) August 31, 2021 (1 mark) (b) December 31, 2021 (2 marks) (c) August 31, 2022 (2 marks)