6. Brandon Corporation made a loan to Terrace Bay Investments. On October 1, 2020, the 8 marks company received a promissory note that paid interest on an annual basis. Brandon uses the effective interest method in accounting for notes receivable. Other details about the loan follow: Maturity value of promissory note 5 478,000 Number of years in loan term 5 Interest rate paid on the note 7% Market rate of interest for a note of similar risk 9% Required: a) Calculate the present value of the note, and prepare the journal entry required by Brandon on October 1, 2020. b] Prepare an amortization schedule for the note. C) Prepare any journal entries required by Brandon on its year end date of September 30, 2021. d) Prepare the journal entry for the payment of interest to Brandon on October 1, 2021