Question 9 of 14 > -/1 View Policies Current Attempt in Progress On December 31, 2020, Skysong Company signed a $1,132,500 note to Concord Bank. The market interest rate at that time was 10%. The stated interest rate on the note was 8%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Skysong's financial situation worsened. On December 31, 2022, Concord Bank determined that it was probable that the company would pay back only $679,500 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,132,500 loan. (a) Determine the amount of cash Skysong received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to O decimal places, e.g. 5,275.) Amount of cash Skysong received from the loan $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above