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On December 31, 2021, Flint Corporation sold for $100,000 an old machine having an original cost of $180,000 and a book value of $80,000. The

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On December 31, 2021, Flint Corporation sold for $100,000 an old machine having an original cost of $180,000 and a book value of $80,000. The terms of the sale were as follows: $20,000 down payment. $40,000 payable on December 31 each of the next two years. The agreement of sale made no mention of interest; however, 7% would be a fair rate for this situation. What should be the amount of the notes receivable, net of the unamortized discount, on December 31, 2021. rounded to the nearest dollar? {Insert your answerlin the box below. Your answer should only involve digitsumbers. Do not use a dollar sign ($) or a comma () in your answer (the system will give you an error message). For EPS calculations, use 2 decimal places.)

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