On December 31, 2017, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $600,000, a due date of December 31, 2020, and a stated rate of 5%, 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 10%.

The following interest factors are provided:

Interest Rate

Table Factors for Three Periods5%10%

Future Value of 11.157631.33100

Present Value of 1.86384.75132

Future Value of Ordinary Annuity of 13.152503.31000

Present Value of Ordinary Annuity of 12.723252.48685

Instructions

Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round to whole dollars.)