Assume Boeing has sold an aircraft to United Airlines on Dec. 31, 2050. The sales agreement required United to pay $10 million immediately and $10 million on Dec. 31 of each year for 20 years, beginning on Dec. 31, 2051. Boeing judges that 8% is an appropriate interest rate for this arrangement. To provide your answers to each question below, show your results in thousand dollars rounded to two decimal places (e.g., $78,717 = $78.72 thousand).

a) Find (i) the present value of the receivable and (ii) the amounts of the sales revenue and the receivable, respectively, to be reported in Boeing's B/S on Dec. 31, 2050 (i.e., immediately after the sales).

b) Additionally, determine the interest revenue and the receivable to report on Dec. 31, 2051(i.e., three year from the sales).