On December 31,2024 , Bonita Company finished consulting services and accepted in exchange a promissory note with a face value of $1,320,000, 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 in 10%. The following interest factors are provided: (a) Your answer is correct. Determine the present value of the note. (Round answer to 0 decimal places, e.g. 5,275.) Present value of the note $ Prepare a Schedule of the Note Discount Amortization for Bonita Company under the effective interest method. (Round answers to 0 decimal places, e.g. 5,275.) Prepare a Schedule of the Note Discount Amortization for Bonita Company under the effective interest method. (Round answers to 0 decimal places, e.g. 5,275.)