On December 31, 2020, Kingbird Company signed a $1,228,500 note to Oriole Bank. The market interest rate at that time was 10%. The stated interest rate on the note was 8%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Kingbird's financial situation worsened. On December 31, 2022, Oriole Bank determined that it was probable that the company would pay back only $737,100 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,228,500 loan. Determine the amount of cash Kingbird 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 Kingbird received from the loan $ eTextbook and Media Prepare a note amortization schedule for Oriole Bank up to December 31, 2022. (Round answers to O decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Cash Received Interest Carrying Amount Carrying Amount of Note Date 12/31/20 12/31/21 $ 12/31/22 Determine the loss on impairment that Oriole Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to O decimal places, e.g. 5,275.) e Textbook and Media On December 31, 2020, Kingbird Company signed a $1,228,500 note to Oriole Bank. The market interest rate at that time was 10%. The stated interest rate on the note was 8%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Kingbird's financial situation worsened. On December 31, 2022, Oriole Bank determined that it was probable that the company would pay back only $737,100 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,228,500 loan. Determine the amount of cash Kingbird 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 Kingbird received from the loan $ eTextbook and Media Prepare a note amortization schedule for Oriole Bank up to December 31, 2022. (Round answers to O decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Cash Received Interest Carrying Amount Carrying Amount of Note Date 12/31/20 12/31/21 $ 12/31/22 Determine the loss on impairment that Oriole Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to O decimal places, e.g. 5,275.) e Textbook and Media