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On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $15.000 annually for six years. The

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On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $15.000 annually for six years. The first payment was made on January 1, 2021. The prevailing rate of interest for this type of note de date of Issuance was 8%. Glanville should record sales revenue in January 2021 of (Ey of $1.py of $1. EVA of SI, EVA ACS1. FVAD of 51 and PVAD 0.5:1) (Use appropriate factor(s) from the tables provided.) Multiple Choice None of these answer choices are correct $90,000 $74,891 569343

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