On December 31,2023 , Pharoah Company rendered services to Flounder Corp. at an agreed price of $82,659.69. In payrnent, Pharoah accepted $32,400 cash and agreed to receive the balance in four equal installments of $16,200 that are due each December 31 starting in 2024. An interest rate of 11% is applicable. Click here to view the factor table PRESENT VAL.UE 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 is a reference for this problem. (a1) Y. Your answer is incorrect. Calculate the value of the note receivable at December 31, 2023. (Round answer to 2 decimal places, eg. 5,275.25, For calculation purposes, use 5 decimal places as displayed in the foctor table provided.)