a) Required: Determine the amount of (1) PMT of P&I: $

b) Using the information presented in #5 above, what amount of Service Revenue should ABC recognize on January 1, 2020?

c) Using the information presented in #5 above, determine the amount of Interest Revenue ABC should recognize on their Income Statement for the year ended December 31, 2021: $__________________________

d) Using the information presented in #5 above, determine the carrying value of the note receivable as of December 31, 2021. $_________________________

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (4) QUESTIONS: *For all PV calculations, use the tables presented in #1 above. On January 1, 2020, ABC rendered services to Smith Corporation and accepted a $200,000 note. In exchange, Smith agreed to make (5) annual payments of P&I with the first payment to be made on December 31, 2020. An interest rate of 8% is imputed. Required: Use the information above to answer the next (4) questions: $[Question_1] $ 1. Determine the amount of (1) PMT of P&T 2. What amount of Service Revenue should ABC recognize on January 1, 2020? 3. What amount of Interest Revenue should ABC recognize on this note for the year ending December 31, 2021? 4. What is the Carrying Value of the Note Receivable at December 31, 2021? $ $ Required: Determine the amount of (1) PMT of P&l: $