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i have found the other answer i just need the loss due to impairment On December 31, 2017, Whispering Company signed a $1,152,800 note to

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i have found the other answer i just need the loss due to impairment
On December 31, 2017, Whispering Company signed a $1,152,800 note to Metlock 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, Whispering's financlal situation worsened. On December 31, 2019, Metlock Bank determined that it was probable that the company would pay back only $691,680 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,152,800 loan. Your answer is correct Determine the amount of cash Whispering received from the loan on December 31, 2017. (Round present value factors to 5 decimal places, e.g 0.52513 and final answer to 0 decimal places, eg. 5,275 Amount of cash Whispering received from the loan $ 1069692 eTextbook and Media Your answer is correct Prepare a note amortization schedule for Metlock Bank up to December 31, 2019. (Round answers to 0 decimal places, e.g. 5,275 Note Amortization Schedule (Before Impairment) Increase in Carrying Cash Interest Carrying Amount of Note Amortization Schedule (Before Impairment) Increase in Carrying Cash Interest Carrying Amount of Date Received Revenue Amount Note 12/31/17 1069692 12/31/18 $ 115280 128363 13083 1082775 12/31/19 115280 1097428 129933 14653 eTextbook and Media Your answer is incorrect Determine the loss on impairment that Metlock Bank should recognize on December 31, 2019.(Round present value factors to 5 decimal ploces, es 0.52500 and final answer to 0 decimal places, e.g. 5,275) $ Loss due to impairment eTextbook and Media

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