Problem IV: (21 pts) On November 1, 2020, Pressley Corp. sold inventory in exchange for a 2-year non-interest-bearing note having a face value of $25,000. The present value of this note is $19,930. 12% is a reasonable cost of borrowing for non-interest bearing notes of this nature. The note's face value is due to be paid back on November 1, 2022. Pressley Corp. has a calendar year-end, uses the effective interest method, and uses the periodic inventory system. A. In the space below, complete the amortization table for this note. All spaces that are not shaded in should have an amount. Round all calculations to the nearest whole dollar. Note: You will need to adjust the last interest revenue amount by $1. Date Cash Received Interest Revenue Carrying Value 11/1/20 11/1/21 11/1/22 11/1/22 Totals B. Prepare journal entries for the dates noted below. Round all calculations to the nearest whole dollar. Reminder: Please follow correct journal entry formatting rules. Dr Cr 11/1/20 12/31/20 12/31/21 11/1/22 C. Accounting Check Since you have prepared all the entries related to this note, verify the following assuming all your journal entries have been posted. You should be able to answer "yes" to each of these questions. Are the "Note Receivable" and "Discount on Note Receivable account balances equal to zero? Does the total cash collected agree to the total cash receipts total from your amortization schedule? Does the sum of the "Interest Revenue" amounts agree to the total interest revenue amount on your amortization schedule