Sandhill Family Trust made an investment in a local business to finance the growth and expansion of the business. The investment was

in the form of a $5\%,$$$490000$ loan repayable in $5$ years with interest due annually, and principal due at maturity. How would this

appear on the Statement of Financial Position at inception?

Click here to view the factor table PRESENT VALUE OF $1.$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$

Loans Payable $$490000$

Loans Payable $$383930$

Loans Receivable $$490000$

Loans Receivable $$383930$