On December 31, 2019, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $400,000, a due date of December 31, 2022, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determined 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 Periods 5% Future Value of 1 1.15763 Present Value of 1 .86384 Future Value of Ordinary Annuity 3.15250 of 1 Present Value of ordinary Annuity 2.72325 of 1 Interest Rate 10% 1.33100 .75132 3.31000 2.48685 Required: (a) Determine the present value of the note. (3marks) (b) Prepare a schedule of note Discount Amortisation for Green Company under the effective interest rate method. (7 marks)