Accounting story line problem.

Use the following information for all questions below: Suppose ABC has agreed to perform an inventory count for XYZ on 12/31/2010, but will allow them to pay over time. They are considering several different note options below. XYZ's normal borrowing rate is 6%. For each option determine service revenue at 12/31/2010 and interest revenue at 12/31/2012, and answer the additional questions below. The pvoaf for .5% is provided below. For all other factors use the PV tables in your book (on page 310/311 and 314/315), do not round factors. Round all answers to whole dollars (including interest and payments for each year in your calculation). Period 0.5% 36 32.8710 48 42.5803 60 51.7256 Service Revenue at 12/31/2010 ABC will require XYZ to pay a down payment of $10,000 at 12/31/2010 and the remainder in the form of a $30,000 note, at 8% interest, due $12/31/2015. Interest will be due semiannually. ABC will provide the service in exchange for a $45,000 non-interest bearing note, with the balance to be paid at the end of five years. ABC will provide the service in exchange for a $45,000 non-interest bearing note, with payments made at the end of each of the next five years. The first payment will be made 12/31/2011. ABC will provide the service in exchange for a five year, $40,000, 6% note, with payments made monthly. The first payment will be made at the end of the next month. 6% is the customer's normal borrowing rate. I recommend using the short-cut in solving this problem. ABC will provide the service in exchange for Interest Revenue for the year ended 12/31/2012 $ $ $ $ $ $ $ $ $ $ a five year, non-interest bearing, $42,000 note, with payments made monthly. The first payment will be made at the end of the next month. I recommend using the short-cut in solving this problem. Complete the balance sheet presentation for option 5 at 12/31/2012. Note Receivable $ Premium/(Discount) $ Net Carrying Value $