QUESTION 15 Use the information below for the following two questions On January 1, 2020, Peto Corp. nocepted an 8 percent three-year $700,000 note from Berlusconi Co. In exchange for service provided to Berluscon. The effective yield market rate) for such a rote is 10 pret & percent 10 percent Present Value of 1 (3 periode) 0.79383 0.75131 1.25071 1.33100 Present Value of an ordinary Annuilty of 1 (3 perioda) 2.57710 2.48685 Future Value of an Ordinary Arvulty of 1 (3 periode) 3.24640 3.31000 How much sales revenue should Pato record? $651,962 $660,882 $665,181 $700,000 QUESTION 16 On January 1, 202, Pelo Corp. accepted an 8 percent years700,000 metrom Berton Co. in exchange for vice provided to be on the elective yed (market rate) for such a note 10 percent. Present Value of 13 periode) Future Visue of periode) Present Value of an Ordinary Annuity of 1 (3 periode) Putture Value of an Ordinary Annuity of 1 (3 periods) * percent 0.79383 1.25971 2.57710 3.24640 10 percent 0.75131 1.33100 248685 3.31000 How much interest revenue should Pato record over the life of the note? $34,819 $71,851 $168,000 $202,815 QUESTION 15 Use the information below for the following two questions: On January 1, 2020, Pato Corp. accepted an 8 percent three-year $700,000 note from Berlusconi Co. in exchange for a service is provided to Berlusconi. The effective yield (market rate) for such a note is 10 percent. Pressent Value of 1 (3 periods) Future Value of 13 periods) Present Value of an Ordinary Annuity of 1 (3 periods) Future Value of an Ordinary Annuity of 1 (3 periods) 8 percent 0.79383 1.25971 257710 3.24640 10 percent 0.75131 1.33100 2.48685 3.31000 How much sales revenue should Pato record? $651,962 $660,882 $665,181 $700,000 T. $6602 5665,181 $700,000 QUESTION 16 On January 1, 2020, Pato Corp. accepted an 8 percent three-year $700,000 note from Berlusconi Co. in exchange for a service provided to Berlusconi. The effective yield market rate) for such a note is 10 percent Present Value of 1 (3 periods) Future Value of 13 periods) Present Value of an Ordinary Annuity of 1 (3 periods) Future Value of an ordinary Arvuty of 1 (3 periods) 8 percent 0.79383 1.25971 2.57710 3.24640 10 percent 0.75131 1.33100 2.48685 3.31000 How much interest revenue should Pato record over the ite of the note? $34,819 $71,851 $168,000 $ 202,815