Please answer it correctly. ASAP

7 Min Long-Term Notes Receivable and TVM. Use the following present value tables to help answer the following questions Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or sign. (Sorry Blackboard is very sensitive and will mark your answer incorrect due to rounding and punctuation) PV of $1 Periods 3 5 10 89 B2 70 68 84 74 59 56 8% 79 68 SO 46 77 65 46 42 Present Value of an Ordinary Annuity 9 45 6% 95 41 8.11 4.45 421 6% 277 267 2.57 2.53 7.43 6.80 6.25 5.99 736 6.71 8% 9% 3.99 3.89 6.41 Present Value of an Annuity Due 44 65 8% 28808 4.628 7.7272 8.4344 2 8302 4.46267 208 7.8016 27756 4.3092 6.750 72468 27577 42401 6.5291 6.9869 9% w 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&1 (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&1 to be remitted each S(Question 11 April 1st 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 s. year ended December 31, 2021. Current Assets: Interest Receivable S. 4 Prepare a partial Balance Sheet for this Note Receivable as of December 31, 2020 Note Receivable S Long-Term Investments: Note Receivable cost to borrow is Required: Use the above information to answer the next (4) questions: 1. Determine the dollar amount of the cash payment of Paito be remitted each Question 11 April 1st 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 S. year ended December 31, 2021 Current Assets: Interest Receivable S. 4. Prepare a partial Balance Sheet for this Note Receivable S Note Receivable as of December 31, 2020: Long-Term Investments: Note Receivable S Determine the dollar amount of the cash payment of Psi to be remited each April 1st Question 2 0.71 pts Using the information presented in #1 above, determine the amount of Service Revenue that ABC should recognize on April 1, 2020 Question 3 0.71 pts Using the information presented in #1 above, determine what amount of Interest Revenue ABC should recognize from this note for the year ending December 31, 2021 S D Question 4 2.9 pts Using the information presented in #1 above, prepare a partial Balance Sheet as of December 31, 2020 Current Assets: Interest Receivable S Note Receivable (current maturity) S Long-Term Investments: Note Receivable