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On January 1, 2021. Glanville Company sold goods to Otter Corporation Otter signed an installment note requiring payment of $21.500 annually for five 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 $21.500 annually for five years. The first payment was made on January 1, 2021. The prevailing rate of interest for this type of note at date of issuance was 10%. Glanville should record sales revenue in January 2021 of: EV_of $1 PV of S1 EVA of $1 PVA of S1, EVAD of S1 and PVAD of S1 (Use appropriate factors) from the tables provided) Multiple Choice 5107,500 581502 509652 None of these answer choices are correct

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