Accounts Receivable

On December 31, 2019, Ajeje Co. 2 points provided a services for a fee and accepted a promissory note as a payment with a face value of P200,000.00, due date of December 31, 2022, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. What is the amortized cost of notes receivables on December 31, 2021? The following interest factors are provided: * Interest Rate Table Factors for 3 periods 5% 10% Future of P1 1.15763 1.331 Present of P1 0.86384 0. 75132 Future value of ordinary annuity of P1 3.1525 3.31 Future value of annuity due of P1 3.3101 3.641 Present value of ordinary annuity of P1 2.72325 2.48685 Present value of annuity due of P1 2.8594 2.7355