Exercise 7-27 On December 31, 2014, Conchita Martinez Company signed a $1,190,000 note to Sauk City 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, Conchita Martinezs financial situation worsened. On December 31, 2016, Sauk City Bank determined that it was probable that the company would pay back only $714,000 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,190,000 loan. Determine the amount of cash Conchita Martinez received from the loan on December 31, 2014. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to 0 decimal places, e.g. 5,275.) Amount of cash Conchita Martinez received from the loan $ LINK TO TEXT Prepare a note amortization schedule for Sauk City Bank up to December 31, 2016. (Round answers to 0 decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Date Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note 12/31/14 $ 12/31/15 $ $ $ 12/31/16