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can you answer this question for me please? Current Attempt in Progress On December 31, 2020, Sandhill Company signed a $1,284,300 note to Teal Bank.
can you answer this question for me please?
Current Attempt in Progress On December 31, 2020, Sandhill Company signed a $1,284,300 note to Teal Bank. The market interest rate at that time was 12%. The stated interest rate on the note was 10%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Sandhill's financial situation worsened. On December 31, 2022. Teal Bank determined that it was probable that the company would pay back only $770,580 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1.284.300 loan. Determine the amount of cash Sandhill received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to O decimal places, e.g. 5,275.) Amount of cash Sandhill received from the loan $ e Textbook and Media Prepare a note amortization schedule for Teal Bank up to December 31, 2022. (Round answers to O decimal places, e.g. 5,275.) Note Am Schedule (Before Impairment) Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note 0 $ 1 $ $ $ 2 e Textbook and Media
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