Please answer no. 5 and 6. Thank you!

Bay Lake Mining Ltd. purchases earth-moving equipment on 1 August 206 and signs a three-year note with the supplier, agreeing to pay $465,000 on 31 July 209. There is no interest in the note. The equipment purchased does not have a readily determinable market value. (PV of $1, PVA of $1, and (Use appropriate factor(s) from the tables provided.) Required: 1-a. Does Bay Lake Mining Ltd. actually have a no-interest loan? Yes No 1-b. This part of the question is not part of your Connect assignment. 2. Calculate the present value of the note payable, using an interest rate of 7%. (Round time value factor to 5 decimal places and final answer to the nearest dollar amount.) This part of the question is not part of your Connect assignment. Prepare a table that shows the balance of the note payable and interest expense over the life of the note. (Round your final iswers to the nearest dollar amount.) 5. Provide all entries for the note for 206 and 207. Record adjusting entries at the end of the fiscal year and on the anniversary date of the loan. Use the gross method. (If no entry ls required for a transactlon/event, select "No journal entry requlred" In the first account fleld. Round your Intermedlate calculatlons and final answers to the nearest doller amount.) 6. Show the note payable (accounts and amounts) as it would be included on the statement of financial position at 31 December 206 and 20X7. (Round your Intermedlate caleulations and flnal answers to the nearest dollar amount.)