please answer this two

1. Certain information relative to the 2012 operations of MAHIRAPTO Co. follows: On December 31,2011 , ANONGPURPOSEMO Company sold used equipment and received a noninterestbearing note requiring payment of 500,000 annually for ten years. The first payment is due December 31 , 2012 and the prevailing rate of interest for this type of note at date of issuance is 12%. Present value factors are as follows: Present value of 1 at 12% for 10 periods 0.322 Present value of ordinary annuity of 1 at 12% for 10 periods 5.650 In its December 31, 2011 statement of financial position, what should ANONGPURPOSEMO Company report as carrying amount of the note receivable? (2 points)