On 1/1/2021, Le Corp. makes a loan to Morgan Co. and receives in exchange a THREE-YEAR. $10,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 11 percent. Required: a). Calculate the price of the note. Show your detail calculation. Use the time value of money tables: *Excerpted from Table 6.2. - Present Value of $1 (Present Value of a Single Sum) Period/Rate 9% 10% 11% 12% 1 0.917 0.909 0.901 0.893 2 0.842 0.826 0.812 0.797 3 0.772 0.751 0.731 0.712 4 0.708 0.683 0.659 0.636 5 0.650 0.621 0.593 0.567 Excerpted from Table-6.4. - Present Value of an ordinary Annuity of $1 * Excerpted from Table 6.4. - Present Value of an Ordinary Annuity of $1 Period/Rate 9% 10% 11% 12% 1 0.917 0.909 0.901 0.893 2 1.759 1.736 1.713 1.690 3 2.531 2.487 2.444 2.402 4 3.240 3.170 3.102 3.037 5 3.890 3.791 3.696 3.605 b) Record the transaction of purchase of the note by Le Corp. (the buyer of the note)