Background for the next8 questions: ABC Auditor has agreed to perform an inventory count for XYZ on 12/31/Y1, but will allow them to pay over time. They are considering several different note options below. XYZs normal borrowing rate is 6%. The pvoaf for .5% is provided below. For all other factors use the PV tables in your book, do not round factors.

Period	Interest
36	32.8710
48	42.5803
60	51.7256

1a. ABC will provide the service in exchange for a $45,000 non-interest bearing note, to be paid at the end of five years.

What is Service Revenue at 12/31/Y1?

Round all answers to whole dollars (including interest and payments for each year in your calculation). Enter number without $ or commas. For example if your answer is $12,345 enter 12345.