D Question 9 0.71 pts USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3) QUESTIONS: On January 1, 20x1, ABC rendered services in exchange for a $100,000, 3 year, 4% note receivable. Interest is to be paid each December 31st and principal will be remitted at maturity. The customer's normal borrowing rate is 8%. Required: 1. Determine the amount of Service Revenue ABC can recognize on Jan 1, 20x1 2. Determine the carrying value of the note at December 31, 20x2: 3. Determine the Total Interest Revenue ABC will recognize over the entire 3-year lending S agreement Question #1: Determine the amount of Service Revenue ABC can recognize on Jan 1, 20x1: $. 89000 Question #1: Determine the amount of Service Revenue ABC can recognize on Jan 1, 20xt: $ 89000 Question 10 0.71 pts Using the information presented in #9 above, determine the carrying value of the note at December 31, 20x2: 36979 D Question 11 0.71 pts Using the information presented in #9 above, determine the Total Interest Revenue to be earned by ABC over the entire 3 year term: $ 15197 DNJWUI SUUNUS Wal WUUld be accepted would be 54,371, 54372, and 54,373. PV of $1 Periods 3 2% 94 4% .89 6% 5 8 9185 82 73 .63 .55 .50 10 82 .68 .56 .46 42 12 79 62 .50 20 .67 46 Present Value of an ordinary Annuity 6% 2.88 4.71 7.33 8.98 10.58 16.35 2.77 4.45 6.73 8.11 9.38 13.59 2.67 4.21 6.21 7.36 8.38 11.47 2.57 3.99 5.75 6.71 7.54 9.82 2.53 3.89 5.53 6.41 7.16 9.13 9%