Phoenix Company performed services for a customer on January 1, 20x1 and accepted a four-year, $50,000, noninterest-bearing note. The note requires the customer to make 4 annual payments of principal and interest in the amount of $12,500 each. The first payment is due on December 31, 20x1 and each December 31st thereafter. Assuming a market rate of 5%, determine: (1) Service revenue recognized upon issuance of the note (2) Total interest revenue recognized over the term of the note. PV of $1 (5%, 4n) .82270; PVOA (5%, 4n) 3.54595, PVAD (5%, 4n) 3.72325 Service revenue [Choose ] Total Interest revenue [Choose ]