Long-Term Notes Receivable and TVM. Use the following present value tables to help answer the following questions *Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or S sign. (Sorry... Blackboard is very sensitive and will mark your answer incorrect due to rounding and punctuation.) PV of $1 Periods 3 5 9 10 4% .89 .82 .70 .68 6% .84 .74 .59 .56 8% .79 .68 .50 46 9% .77 .65 42 .46 Present Value of an Ordinary Annuity 4% 2.77 2.67 2.57 7.43 6.80 8.11 7.36 6% 4.45 4.21 3.99 3.89 8% 6.25 6.71 9% 2.53 5.99 6.41 Present Value of an Annuity Due 4% 2.8808 4.628 7.7272 8.4344 6% 8% 9% 2.8302 4.4626 7.208 7.8016 2.7756 4.3092 6.750 7.2468 2.7577 4.2401 6.5291 6.9869 Part I. On April 1, 2020, ABC Company rendered services to Jones Company in exchange for a three year, $400,000,8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately. December 31st is the fiscal year end for ABC. Jones' normal cost to borrow is 8% three year, $400,000,8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately. December 31st is the fiscal year end for ABC. Jones' normal cost to borrow is 8%. Required: Use the above information to answer the next (4) questions: 1. Determine the dollar amount of the cash payment of P&I to be remitted each S[Question_1] April 1st: 2. Determine the Service Revenue ABC can recognize on April 1, 2020. $ 3. Determine the Total Interest Revenue that ABC will recognize on this note for the $ year ended December 31, 2021. Current Assets: Interest Receivable $ 4. Prepare a partial Balance Sheet for this Note Receivable as of December 31, 2020: Note Receivable $ Long-Ter Investments: Note Receivable $. Determine the dollar amount of the cash payment of P&I to be remitted each April 1st: $_ Question 2 0.71 pts Using the information presented in #1 above, determine the amount of Service Revenue that ABC should recognize on April 1, 2020: Question 3 0.71 pts Using the information presented in #1 above, determine what amount of Interest Revenue ABC should recognize from this note for the year ending December 31, 2021. $