On January 1, 2021, The Ayayai Company received a 4-year promissory note that had a face value of $ 1,145,000, and a stated interest rate of 6%. Interest was receivable on January 1 each year. The note was issued to yield an effective interest rate of 8%. The Ayayai Company is publicly traded, uses the effective interest method of amortization for discounts or premiums, and has an April 30 year-end. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Your answer is correct Use 1 PV.1 Tables. 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivable. (Round present value factor calculations to 5 decimal places, eg, 1.25125 and the final answer to O decimal places, eg. 58,971.) Note receivable $ 1069152 eTextbook and Media List of Accounts Attempts: 1 of 3 used Using multiple attempts will impact your score. 5% score reduction after attempt 2 (b) Your answer is partially correct Prepare a note premium / discount amortization schedule. (Round answers to decimal places, e.g. 58,971.) Schedule of Note Discount Amortization Effective Interest Method Interest Income Discount Amortized Cash Received Carrying Amount $ 75848 68700 S 85532 $ 16832 59016 PAN . 68700 86879 18179 40837 68700 88333 19633 21204 68700 89904 21204 0