5. On July 1, 2021, Wildcat purchased a new, larger building for its primary operations by making a cash down payment of $200,000 and financing the remainder by issuing a $2,000,000 zero-interest bearing note from its 3 revolving line of credit. Based on the interest rate implicit in its line of credit, the present value of the note payable at the time of issuance was $1,600,000. The note carries a 10 year maturity, coming due on July 1, 2031. 4 5 6 7 30-Jun-21 8 9 Cash 200,000 o 5. On July 1, 2021, Wildcat purchased a new, larger building for its primary operations by making a cash down payment of $200,000 and financing the remainder by issuing a $2,000,000 zero-interest bearing note from its 3 revolving line of credit. Based on the interest rate implicit in its line of credit, the present value of the note payable at the time of issuance was $1,600,000. The note carries a 10 year maturity, coming due on July 1, 2031. 4 5 6 7 30-Jun-21 8 9 Cash 200,000 o