Question 1 of 12 > -/9 On January 1, 2021. The Blue Spruce Company received a 4-year promissory note that had a face value of $760,000, and a stated interest rate of 6%. Interest was receivable on January 1 each year. The note was issued to yield an effective interest rate of 8%. The Blue Spruce Company is publicly traded, uses the effective interest method of amortization for discounts or premiums, and has an April 30 year-end. 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. Use 1. PV.1 Tables, 2. a financial calculator, or 3, Excel functions to arrive at the amount to record the note receivable. (Round present value factor calculations to 5 decimal places, eg. 1.25125 and the final answer to decimal places, eg. 58,971.) Note receivable $ Prepare a note premium/discount amortization schedule. (Round answers to decimal places, e.g. 58,971) Schedule of Note Discount Amortization Effective Interest Method Interest Income Discount Amortized Date (d-m-yr) Cash Received Carr 1-Jan-21 Jan-22 1 Jan 23 1. Jan 24 Jan 25 Date Account Titles and Explanation Debit Debit Credit 1