On January 1, 2021, The Blue Spruce Company received a 4-year promissory note that had a face value of $760,000, 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 Blue Spruce 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. 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, e.g. 1.25125 and the final answer to 0 decimal places, e.g. 58,971.) Note receivable $ List of Accounts Prepare a note premium / discount amortization schedule. (Round answers to 0 decimal places, e.g. 58,971.) Schedule of Note Discount Amortization Effective Interest Method Date (d-m-yr) Cash Received Interest Income Discount Amortized Carr 1-Jan-21 $ 1-Jan-22 $ $ $ 1-Jan-23 1-Jan-24 1-Jan-25 $ $ $ List of Accounts