Part I. On April 1, 2020, ABC Company rendered services to Jones Company in exchange for a three year, $400,000, 8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately. December 31st is the fiscal year end for ABC. Jones' normal cost to borrow is 8%. Required: Use the above information to answer the next (4) questions: 1. Determine the dollar amount of the cash payment of P&I to be remitted each April 1st: $[Question_1] 2. Determine the Service Revenue ABC can recognize on April 1, 2020. $ 3. Determine the Total Interest Revenue that ABC will recognize on this note for the $_ year ended December 31, 2021. Current Assets: Interest Receivable $. 4. Prepare a partial Balance Sheet for this Note Receivable as of December 31, 2020: Note Receivable $. Long-Term Investments: Note Receivable