On December 31, 2020, Concord Company signed a $1,290,500 note to Marigold Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Concord's financial situation worsened. On December 31, 2022, Marigold Bank determined that it was probable that the company would pay back only $774,300 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,290,500 loan. (a) Your answer is correct. Determine the amount of cash Concord received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to 0 decimal places, e.g. 5,275.) Amount of cash Concord received from the loan $ 1195108 Prepare a note amortization schedule for Marigold Bank up to December 31, 2022. (Round answers to 0 decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note ) $ 1,195,108 I 116,145 $ ta 131,462 15,317 1,210,425 2 116,145 133,147 17,002 1,227,427 e Textbook and Media (c) Determine the loss on impairment that Marigold Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to 0 decimal places, e.g. 5,275.) Loss due to impairment e Textbook and Media Save for Later Attempts: 0 of 3 used Submit