For questions 36-37: Loki Treats received a 12% three- year note having a face value of P2,000,000 on January 1, 2020. Interest is paid every June 30 and December 31. Effective rate applicable on the note was 11%. Question 36: What amount of note receivable must be presented on initial recognition? 1,576,946.21 2,049,955.30 2,042,702.84 O 2,035,051.50 Question 37 1.5 pts What amount of interest income must be recognized by Loki Treats for the year 2021? PIs refer to the previous given data on Question 36: Loki Treats received a 12% three-year note having a face value of P2,000,000 on January 1, 2020. Interest is paid every June 30 and December 31. Effective rate applicable on the note was 11%. O 240,000 225,096.20 223,411.70 111,483.86