AIN'T NO MOUNTAIN HIGH ENOUGH has a note receivable from CLIMB EVERY MOUNTAIN (CEM). CEM is experiencing a great financial crisis and has negotiated for a restructuring of its note with face amount of P800,000, and accrued interest of P88,000, based on interest rate of 11%. The note is due today. CEM asked that the principal and accrued interest be paid one-time after two years. Only 2% interest will be collected yearly moving forward. An allowance for bad debts of P20,000 relates to this note. How much is the discount on the restructured note receivable? 136,665 O 116,665 0 O 156,665 Moderate Bank granted a loan to a borrower on January 1, 2019. The interest on the loan is 10% payable annually starting December 31, 2019. The loan matures in three years on December 31, 2021. After considering the origination fee received from the borrower and the direct origination cost incurred, the effective rate on the loan is 12%. Principal amount 5,000,000 Direct origination cost incurred 100,000 Origination fee received from the borrower 340,000 Indirect origination cost incurred 50,000 What is the interest income for 2020? (Select ] How much is the amortization of unearned interest income in December 31, 2019? (Select] What is the carrying amount of the loan receivable on December 31, 2020? (Select] AIN'T NO MOUNTAIN HIGH ENOUGH has a note receivable from CLIMB EVERY MOUNTAIN (CEM). CEM is experiencing a great financial crisis and has negotiated for a restructuring of its note with face amount of P800,000, and accrued interest of P88,000, based on interest rate of 11%. The note is due today. CEM asked that the principal and accrued interest be paid one-time after two years. Only 2% interest will be collected yearly moving forward. An allowance for bad debts of P20,000 relates to this note. How much is the discount on the restructured note receivable? 136,665 O 116,665 0 O 156,665 Moderate Bank granted a loan to a borrower on January 1, 2019. The interest on the loan is 10% payable annually starting December 31, 2019. The loan matures in three years on December 31, 2021. After considering the origination fee received from the borrower and the direct origination cost incurred, the effective rate on the loan is 12%. Principal amount 5,000,000 Direct origination cost incurred 100,000 Origination fee received from the borrower 340,000 Indirect origination cost incurred 50,000 What is the interest income for 2020? (Select ] How much is the amortization of unearned interest income in December 31, 2019? (Select] What is the carrying amount of the loan receivable on December 31, 2020? (Select]