On January 1, 20x1, ABC rendered services in exchange for a $100,000, 3 year, 4% note receivable. Interest is to be paid each December 31st and principal will be remitted at maturity. The customer's normal borrowing rate is 8%. Required: 1. Determine the amount of Service Revenue ABC can recognize on Jan 1, 20x1 2. Determine the carrying value of the note at December 31, 20x2: 3. Determine the Total Interest Revenue ABC will recognize over the entire 3-year lending $ agreement Question 10 0.71 Using the information presented in #9 above, determine the carrying value of the note at December 31, 20x2: Question 11 0.71 pts Using the information presented in #9 above, determine the Total Interest Revenue to be earned by ABC over the entire 3 year term: hp