Question 4 20 marks On January 1, 2018, Brown Co finished consultation services and accepted in exchange a promissory note with a face value of $400,000, a due date of January 1, 2021, and a stated rate of 5%, with interest receivable on January 1 each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. Round to nearest whole dollar. Required: Determine the present value of the note. (Record the values inputted in the financial calculator) (2 marks) ii) Is this note issued at par, a premium or a discount? Justify your answer. (2 marks) iii) Prepare the Schedule of Amortization for Brown Co. under the effective interest method. (6 marks) iv) Prepare all necessary journal entries for 2018 and 2020, (10 marks)