On December 31, 2020, Headland Inc. rendered services to Beghun Corporation at an agreed price of $115,805, accepting $44,800 down and agreeing to accept the balance in four equal installments of $22,400 receivable each December 31. An assumed interest rate of 10% is imputed. December 31, 2020 Schedule of Note Discount Amortization Interest Decrease Revenue Carrying Amount Cash Received Date 12/31/20 $ 22,400 $ $ $ 12/31/21 22,400 12/31/22 22,400 12/31/23 22,400 12/31/24 22,400 Carrying Amount of Note $ $