4. On December 31, 2016, Hamilton Lane, an alternative investment management and consulting firm, provides services for an investment boutique, MKP Capital Management. MKP was short of cash, and Hamilton Lane in exchange for $500,000 agreed to accept a 7% interest-bearing note due December 31, 2020, as payment in full. The market rate of interest for a note of similar risk would be 11% Note: Prepare the Schedule of Amortization for the Hamilton Lane/MKP Capital Note Receivable Instructions a. Prepare the journal entry to record the transaction of December 31, 2016, for Hurly Co. b. Assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2019. C. Assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entries for December 31, 2020