At the beginning of 2021 (January 1, 2021), LENDER Company made a loan to BORROWER Company and LENDER received in exchange from BORROWER a 3 year, 5600,000 note (receivable) with a stated rate of interest of 3%. The market rate of interest for a note receivable with similar risk is currently 5%. Present value calculation! PV of principal (lump sum): S S PV of yearly cash interest: S ADRICICR teren Discount Carrying Revenue Amortized Amount of NR Date of in End Year! End Year 2 End Year 3 Journal entries: Year 1 Initial (date of issue) Entry End of DR: DR: DR: CR: CR: CR: End of Year 1 less: Disct, on NR NR Balance Sheet presentation: Date of Issue NR less: Discount on NR Net NR Discount on Net NR NR 9 140 Dashboard Calendar To Do Notifications Inbox