. Having discovered a real talent for training animal, Coutney realized there's big money to be made in traveling animal novelty acts. Thus began Courtney's Crows - an ensemble of dancing and acrobatic crow acts. Her biggest problem was securing a vehicle to transport all 25 crows from town to town for their shows. She approached White's Wheels, a private automobile dealer. On January 1, 2021, White's sold a passenger van (with a caged area for the driver) for a $20,000 down-payment and five annual payments of $10,000 beginning December 31, 2021. Market interest rates for similar avian acts are 9%.

Required:

1. What is the cost of the van as recorded on Courtney's Crows books?
2. How much is the Notes Receivable on White's books as of December 31, 2022 (after the Dec 31/22 payment is made)?