On January 1,2020, Perly Company performed environmental consulting services for Brocade Corporation. Brocade was short of cash, so Perly agreed to accept a $300,000 Face Value note that also pays three periodic annual payments (on Dec 31st) at 11% of face value and the note becomes due on December 31, 2022. Brocade is somewhat of a credit risk and Perly determines that 9% is an appropriate market rate. Use the effective interest method. Present value factors are available below: A) Prepare the journal entry for Perly to record the sale and receipt of the note on January 1,2020 B)Prepare the amortization schedule, based on the effective interest method,for Perly. C) Prepare the journal entry for Perly on December 31,2021