Current Attempt in Progress On December 31, 2020, Larkspur Company signed a $1,056,900 note to Cullumber Bank. The market interest rate at that time was 10%. The stated interest rate on the note was 8%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Larkspur's financial situation worsened. On December 31, 2022, Cullumber Bank determined that it was probable that the company would pay back only $634,140 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,056,900 loan. (a) Your answer is correct Determine the amount of cash Larkspur received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, eg, 0.52513 and final answer to decimal places, eg. 5,275.) 976,769 Amount of cash Larkspur received from the loan (b) Your answer is correct Prepare a note amortization schedule for Cullumber Bank up to December 31, 2022. (Round answers to decimal places, es. 5,275.) Note Amortization Schedule (Before Impairment) Increase in Carrying Cash Interest Carrying Amount of Received Revenue Amount Note 976,769 84552 97,677 13.125 989,894 84.552 98,989 14,437 1004,331 (c) X Your answer is incorrect. Determine the loss on impairment that Cullumber Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e3.0.52500 and final answer to O decimal places, eg. 5,275.) Loss due to impairment $ 248,022