On December 31, 2020, Wildhorse Company signed a $1,199,900 note to Sheffield 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, Wildhorse's financial situation worsened. On December 31, 2022, Sheffield Bank determined that it was probable that the company would pay back only $719,940 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,199,900 loan. (a) Determine the amount of cash Wildhorse 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 Wildhorse received from the loan $ (b) Your answer is correct. Prepars a note amartization schedule for Shaffield Eank up to Decsmber 31, 2022. (Round answers to 0 decimal places, eg. 5,275.) Note Amortiration Schedule (Before Impairment) \begin{tabular}{ll} Date & \multicolumn{2}{c}{ Cash Received } & \multicolumn{1}{c}{ Increase in Carrying Revenue } & Amount \\ 12/31/20 \end{tabular} (c) X Your anaver is incorrect Determine the loss an impaiment that Sheffeld Bankshould rscogniza an December 31, 2022. (Round present value factors to 5 decimal places, eg. 0.52500 and final answer to 0 decimal places, eg. 5,275. Loss due to impairmant