On December 31, 2017, Sage Company signed a $1,186,300 note to Pronghorn Bank. The market interest rate at that time was 12%. The stated interest rate on the note was 10%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales ages in ancia situation worsened. On December 31 2019 Pronghorn Bank determined that it was probable that the company would pay back only $711,780 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,186,300 loan. Your answer is incorrect. Try again. Determine the amount of cash Sage received from the loan on December 31, 2017. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to O decimal places, e.g. 5,275.) Amount of cash Sage received from the loan Prepare a note amortization schedule for Pronghorn Bank up to December 31, 2019. (Round answers to O decimal places,e.g. 5,275.) Note Amortization Schedule (Before Impairment) Increase in Carrying Amount Carrying Amount of Note Cash Interest Revenue 12/31/17 12/31/18 118630 12/31/19 118630 LINK TO TEXT EYour answer is incorrect. Try again. Determine the loss on impairment that Pronghorn Bank should recognize on December 31, 2019. (Round present value factors to 5 decimal places, e.g.0.52500 and final answer to O decimal places, e.g. 5,275.) Loss due to impairment