On January 1, 2020, Dold Acrobats lent $16,529 to Donaldson, Inc., accepting Donaldson's 2-years, $20,000, zero-interest-bearing note. The implied interest rate is 10%. Instructions: Complete the note amortization table. Date Cash Received Interest Revenue Discount Amortization Discount Balance Carrying Value Instructions: Journalize the transactions for the note initiation, interest recognition, and the note collection at maturity. Date Account Debit Credit 01/01/2020 20,000 Notes receivable Discount on notes receivable 3,471 Cash 16,529 Year 1 Discount on notes receivable 1,653 Interest revenue 1,653 Year 2 1,818 Discount on notes receivable Interest revenue 1,818 Collection Cash 20,000 Notes receivable 20,000