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Pharoah Family Trust made an investment in a local business to finance the growth and expansion of the business. The investment was in the form of a 8%,$560000 loan repayable in 5 years with interest due annually. and principal due at maturity. How would this appear on the Statement of Financial Position at inception? Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Loans Payable $381125 Loans Payable $560000 Loans Receivable $381125 Loans Receivable $560000 Pharoah Family Trust made an investment in a local business to finance the growth and expansion of the business. The investment was in the form of a 8%,$560000 loan repayable in 5 years with interest due annually. and principal due at maturity. How would this appear on the Statement of Financial Position at inception? Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Loans Payable $381125 Loans Payable $560000 Loans Receivable $381125 Loans Receivable $560000