On December 31, 20x5, Green Company finished consultation services and accepted in exchange a pr note with a face value of $400,000, a due date of December 31, 20X8, and a stated 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%. omisory The following interest factors are provided: Interest Rate 5% Table Factors For Three Periods Future Value of 1 Present Value of 1 Future Value of Ordinary Annuity of 1 Present Value of Ordinary Annuity of 1 10% 1.15763 86384 3.15250 2.72325 1.33100 75132 3.31000 2.42685 Instructions (a) Determine the present value of the note. (b) Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round to whole dollars.)