On December 31, 2023, Blossom Company rendered services to Pina Colada Corp, at an agreed price of $93,680.98. In payment, Blossom accepted $36,720 cash and agreed to receive the balance in four equal installments of $18,360 that are due each December 31 starting in 2024. An interest rate of 11% is applicable. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. The tables in this problem are to be used as a reference for this problem. Cash Collected installment Note Receivable Schedule Interest Income 18360 18360 18360 18360 Principal Collected Note Carrying Amount