On December 31, 2019, Winter Company finished consultation services and accepted in exchange a promissory note with a face value of $500,000, a due date of December 31, 2022, and a stated rate of 4%, with interest received 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 6%. Show your calculations here: The following interest factors are provided: Table Factors For Three Periods Future Value of 1 Present Value of 1 Future Value of Ordinary Annuity of 1 Present Value of Ordinary Annuity of 1 Interest Rate 4% 1.12486 0.889 3.1216 2.77509 6% 1.19102 0.83962 3.1836 2.67301 3 16 Prepare the joumal entries for Winter Company for the following transactions: On the date the note is accepted. On the dates interest is received. 17 On the date the note with final interest is receive 18 19 December 31. 2019: Debit Credit 20 21 22 23 24