On September 30, 2021, Halifax Corporation sold merchandise to Vancouver Inc., accepting a 4%, 3-year promissory note of $259,900 in exchange. Interest is payable annually on September 30, starting September 30, 2022. Halifax Corporation normally pays 4% interest to borrow funds. However, Vancouver Inc. normally pays 5% to borrow funds. The product sold is carried on Halifax Corporation's books at a cost of $124,300. Halifax Corporation has a year end of September 30 and follows IFRS. Required: 1. Calculate the amount at which the product was sold to Vancouver Inc. (2 marks) 2. Prepare an amortization schedule for this note. (2 marks) 3. Prepare the journal entries to record this transaction in the books of Halifax Corporation on September 30, 2021. (1.5 marks) 4. Prepare the journal entry required for this note by Halifax Corporation in 2022. (1.5 marks)