On February 1, 20X1, Packwood sold a building for $800,000, receiving a $200,000 down payment and a 9-month, 4% note for the balance. Principal and interest are due at maturity and the stated 4% interest rate reflected the market rate of interest at the time of sale. On June 30, 20X1, Packwood discounted the note without recourse at a local bank at a 5% discount rate. Round your numbers for this problem to the nearest dollar. Prepare any journal entries on June 30, 20X1: (1 point) How much interest was foregone to receive cash on 6/30/X1? (1/2 point) On February 1, 20X1, Packwood sold a building for $800,000, receiving a $200,000 down payment and a 9-month, 4% note for the balance. Principal and interest are due at maturity and the stated 4% interest rate reflected the market rate of interest at the time of sale. On June 30, 20X1, Packwood discounted the note without recourse at a local bank at a 5% discount rate. Round your numbers for this problem to the nearest dollar. Prepare any journal entries on June 30, 20X1: (1 point) How much interest was foregone to receive cash on 6/30/X1? (1/2 point)