On December 31, 2016, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $650,000, a due date of December 31, 2019, and a stated rate of 4%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 8%. The following interest factors are provided: Interest Rate Table Factors For Three Periods 4% 8% Future Value of 1 1.12486 1.25971 Present Value of 1 0.88900 0.79383 Future Value of Ordinary Annuity of 1 3.12160 3.24640 Present Value of Ordinary Annuity of 1 2.77509 2.57710 Determine the present value of the note. (Round answer to O decimal places, e.g. 5,275.) Present value of the note Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round intermediate values and final answers to 0 decimal places, e.g. 5,275. Do not leave any answer field blank. Enter "0" for amounts.) Effective Inte rest (8%) Cash Interest (4%) Discount Amortized Unamortized Discount Balance Present Value of Note Date 12/31/16 $ $ $ $ 12/31/17 12/31/18 12/31/19 $