On December 31 2021, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $800,000, a due date of December 31, 2024, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. 1) Determine the present value of the interest bearing note. Year Interest Payment Received Interest Revenue Amortization of Discount Unamortized Discount Balance PV/Carrying Value of the Note 1 2 3 2) How much interest revenue would Green Company record for year 2 on the interest bearing note? On December 31 2021, Green Company finished consultation services and accepted in exchange a non-interest bearing promissory note with a face value of $800,000, a due date of January 1, 2025 with payment in full due at that time. The fair value of the services is not determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. 3) Determine the present value of the non-interest bearing note. Round to the nearest whole dollar for all calculations. Year Interest Payment Received Interest Revenue Amortization of Discount Unamortized Discount Balance PV/Carrying Value of the Note 12/31/22 12/31/23 12/31/24 4) What is the balance of the unamortized discount at 12/31/2022 on the non-interest bearing