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Huels Sporting Goods provides athletic equipment and apparel to retailers in the area. On May 2 , Huels received a $60,000,2 year, zero interest bearing

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Huels Sporting Goods provides athletic equipment and apparel to retailers in the area. On May 2 , Huels received a $60,000,2 year, zero interest bearing note from a customer in payment for merchandise. The market rate for a note of this kind is 6%. The carrying amount of the Note Receivable on the dateof issuance is (round to the nearest dollar)

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