Exercise 7-27 On December 31, 2017, Conchita Martinez Company signed a $1,000,000 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 Martinez's financial situation worsened. On December 31, 2019, Sauk City Bank determined that it was probable that the company would pay back only $600,000 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,000,000 loan. Determine the amount of cash Conchita Martinez received from the loan on December 31, 2017. (Round present value factors to 5 decimal places, eg, 0.52513 and final answer to o 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, 2019. (Round answers to 0 decimal places, e.g. 5,275.) Note Amortization Schedule (Hefore Impairment) Increase in Cash Interest Carrying Received Revenue Amount Carrying Amount of Note Date 12/31/17 12/31/18 12/31/19