5. (9 points) Effect of Valuation Method for Monetary Asset on Balance Sheet and Income Statement. Refer to the previous problem. Assume that Target has accounted for the value of the land at acquisition cost and sells the land on December 31, 2022, for a two-year note receivable with a present value of 186000 instead of for cash. The note bears interest at 8% and requires cash payments of 104303 on December 31, 2023 and 2024. Interest rates for notes of this risk level increase to 10% on December 31, 2023, resulting in a market value for the note on this date of 94821. Ignoring income taxes, complete the following items. (a) Assuming valuation of the note at the present value of future cash flows using the historical market interest rate of 8% (Approach 1), indicate the dollar effect of the information on net income for: 1. 2023, and 2. 2024. (b) Assuming valuation of the note at the present value of future cash flows, adjusting the note to fair value upon changes in market interest rates and including unrealized gains and losses in net income (Approach 2), indicate the dollar effect of the information on net income for: 1. 2023, and 2.2024.