On December 31, 2020, Ivanhoe Company signed a $1,023,100 note to Shamrock 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, Ivanhoe's financial situation worsened. On December 31, 2022, Shamrock Bank determined that it was probable that the company would pay back only $613,860 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,023,100 loan. (a) Your Answer Correct Answer Your answer is correct. Determine the amount of cash Ivanhoe 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 Ivanhoe received from the loan $ 947474 e Textbook and Media Solution Attempts: 3 of 3 used (b) Prepare a note amortization schedule for Shamrock 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 $ $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit