On November 30, 2021, Jetson Company made a loan, accepting a promissory note from Elroy Inc. The note has a due date of November 30, 2024. Jetson will receive interest on the note on November 30 of each year. Assume that Jetson Company follows IFRS and has a year end of December 31. Face value of promissory note Stated rate of interest for the note Market rate of interest for a note of similar risk $ 400,000 6% 11% Required: 1. Calculate the present value of the note on the date of issue. (2 marks) 2. Prepare an amortization table for the entire term of the loan