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On December 3 1 , 2 0 2 5 , Waterway Company signed a $ 1 , 2 2 8 , 5 0 0 note

On December 31,2025, Waterway Company signed a $1,228,500note to Wildhorse Bank. The market interest rate at that time was10%. The stated interest rate on the note was8%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Waterways financial situation worsened. On December 31,2027, Wildhorse Bank determined that it was probable that the company would pay back only $737,100of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,228,500loan.(a) Your Answer Correct Answer (Used) Determine the amount of cash Waterway received from the loan on December 31,2025.(Round present value factors to 5 decimal places, e.g.0.52513 and final answer to 0 decimal places, e.g.5,275.) Amount of cash Waterway received from the loan $enter the amount of cash received from the loan in dollars (b) Prepare a note amortization schedule for Wildhorse Bank up to December 31,2027.(Round answers to 0 decimal places, e.g.5,275.) Note Amortization Schedule (Before Impairment) Date Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note 12/31/25 $enter a dollar amount 12/31/26 $enter a dollar amount $enter a dollar amount $enter a dollar amount enter a dollar amount 12/31/27 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount eTextbook and Media Save for LaterLast saved 1 second ago.Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes.Attempts: 0 of 3 usedSubmit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

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