Moderate Bank granted a loan to a borrower on January 1, 2019. The interest on the loan is 10% payable annually starting December 31, 2019. The loan matures in three years on December 31, 2021. After considering the origination fee received from the borrower and the direct origination cost incurred, the effective rate on the loan is 12%.

Principal amount	5,000,000
Direct origination cost incurred	100,000
Origination fee received from the borrower	340,000
Indirect origination cost incurred	50,000

What is the interest income for 2020?

How much is the amortization of unearned interest income in December 31, 2019?

What is the carrying amount of the loan receivable on December 31, 2020?