On December 31, 2020, Pharoah Company signed a $1,101,300 note to Novak 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, Pharoah's financial situation worsened. On December 31, 2022, Novak Bank determined that it was probable that the company would pay back only $660,780 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,101,300 loan. Determine the amount of cash Pharoah received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to O decimal places, e.g. 5,275.) Amount of cash Pharoah received from the loan $ eTextbook and Media Prepare a note amortization schedule for Novak 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 Carr Amoi Nc Date 12/31/20 $ 12/31/21 $ $ 12/31/22