1. On January 1^st, Morgan Corp. makes a loan to Marie Co. and receives in exchange a three-year, $10,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 12 percent. Prepare the following journal entries. a) to record the receipt of the note, b) the annual journal entries to record interest and c) repayment of the notes receivable. (FYI - You may need the time value of money tables.)