Secureforce performed IT consulting senvice for one of its clients on Dec, 31, 2020 . The total cost of the service was $36,000. The purchase agreement required the client to pay $12,000 immediately; $12,000 on Dec: 31,2021 , and 512,000 on Dec 31, 2022. Assume that an interest rate of 8% applies to the customer. Answer questions (a) and (b) below. a) [10 marks] Compute 0 the present value of the account receivable Secureforce expects from the client. Additionally, find (iii) the amounts of the sales revenues and the account rereivable, respectively, to be reported in the firm's balance sheet on Dec. 31,2020 . Provide your results in thousand dollars rounded to two decima places (e.g. $78.717=78.72 thousand). *You can use the annuity formula below, or financial calculator, to compute the present value Annuity formula : (1+?+c+(1+r)2r++(1+r)2c=rc[1(1+1)] "For full credits, you must snav the steps/calcul ation toward your results. b) [10 marks] Find the interest reverue and the account recelvable to report on Dec. 31,2021 * For full crecits you must show the steps,calculation tovard your esults. Secureforce performed IT consulting senvice for one of its clients on Dec, 31, 2020 . The total cost of the service was $36,000. The purchase agreement required the client to pay $12,000 immediately; $12,000 on Dec: 31,2021 , and 512,000 on Dec 31, 2022. Assume that an interest rate of 8% applies to the customer. Answer questions (a) and (b) below. a) [10 marks] Compute 0 the present value of the account receivable Secureforce expects from the client. Additionally, find (iii) the amounts of the sales revenues and the account rereivable, respectively, to be reported in the firm's balance sheet on Dec. 31,2020 . Provide your results in thousand dollars rounded to two decima places (e.g. $78.717=78.72 thousand). *You can use the annuity formula below, or financial calculator, to compute the present value Annuity formula : (1+?+c+(1+r)2r++(1+r)2c=rc[1(1+1)] "For full credits, you must snav the steps/calcul ation toward your results. b) [10 marks] Find the interest reverue and the account recelvable to report on Dec. 31,2021 * For full crecits you must show the steps,calculation tovard your esults