On December 31, 2024, Coronado Company finished consulting services and accepted in exchange a promissory note with a face value of $1,340,000, a due date of December 31,2027 , and a stated interest rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily 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%. The following interest factors are provided: Coronado Company Schedule of Note Discount Amortization Effective Interest Method 5% Note Discounted at 10% (Imputed) 12/31/25 12/31/26 12/31/27 $ $ $ Coronado Company Schedule of Note Discount Amortization Effective Interest Method 5% Note Discounted at 10% (Imputed) Unamortized Discount Effective Interest Discount Amortized Present Value of Note Balance $ $ $ $