A QUESTION 1 (14 marks): Q1 mark On March 31, 2020 Roolbos Ltd accepted a 4-year $58,000 note receivable from Earl Grey and cancelled Earl's account receivable. Terms of the note are as follows: Stated interest rate 8% (1.e, 4% semi-annually) Interest payment dates September 30 and March 31 6% (Le, 3% semi-annually) Effective Interest rate Required (a, b, and c): (a) (9 marks) Rooibos has a December 31 fiscal year-end. What will be the balance of the note receivable at December 31, 2020? (b) (3 marks) Provide the journal entry required at March 31, 2021 for Interest. (c) (2 marks) Rooibos has historically had difficulties collecting their accounts receivable. Provide two suggestions for how to reduce the accounts receivable balance