Exercise 7-27 On December 31, 2020, Windsor Company signed a $1,061,900 note to Sheridan Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Windsor's financial situation worsened. On December 31, 2022, Sheridan Bank determined that it was probable that the company would pay back only $637,140 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,061,900 loan. Your answer is correct. Determine the amount of cash Windsor received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to 0 decimal places, e.g. 5,275.) Amount of cash Windsor received from the loan 983405 x] Your answer is incorrect. Try again. Prepare a note amortization schedule for Sheridan Bank up to December 31, 2022. (Round answers to 0 decimal places, e.g. 5,275.) Note API-Rinde x Your answer is incorrect. Try again. Prepare a note amortization schedule for Sheridan Bank up to December 31, 2022. (Round answers to o decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Increase in Interest Carrying Revenue Amount Cash Received Carrying Amount of Note Date 12/31/20 12/31/21 12/31/22 X] your answer is incorrect. Try again. Determine the loss on impairment that Sheridan Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to 0 decimal places, e.g. 5,275.) Loss due to impairment Click if you would like to Show Work for this question: Open Show Work