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On January 1, 2020, SunBlush Technologies sold inventory costing $80,000 to Cantu Excavating. In return,SunBlush Technologies received a 4-year, 6% note with a face value

On January 1, 2020, SunBlush Technologies sold inventory costing $80,000 to Cantu Excavating. In return,SunBlush Technologies received a 4-year, 6% note with a face value of $110,000. Blended payments will bemade yearly on December 31, and will include principal and interest. The market rate of interest is 2%. SunBlushTechnologies has a December 31 year-end while Cantu Excavating's year-end is September 30. SunBlushTechnologies uses a perpetual inventory system. Please make sure your final answer(s) are accurate to the nearest whole number. a) Calculate the annual payments SunBlush Technologies will receive each year from Cantu Excavating. Use thestated rate of the note in your calculation

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