On January 1, 2018 Kimmel Company accepts a $53000 non interest bearing note from a customer for services provided. The note is to be paid in 4 equal installments every 6 months (payments every July 1 and January 1 with the first payment on July 1, 2018) An assumed interest rate of 9% is implied. Round installments to the nearest dollar.

A) Prepare an amortization table for this note. Round amounts to the nearest dollar. Clearly label your rows with dates for each recognition of interest revenue/discount amortization and for each installment payment. NOTE: Kimmel Corp prepares financial statements (and recognizes interest revenue) semiannually on each June 30th and December 31st.

B) Prepaire T Accounts for note receivable and discount on notes receivable witha ll entries posted from 1/1/18 to 12/31/18

C) How much interest revenue would be on the income statement for the year ended December 31,2018?