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MARIANE SOMILLA File Home Draw Design Layout Mailings View Help Grammarly Shane 1 P1,900,000.00 44. On December 31, 2020, Elisha Company sold a machine in exchange for a noninterest- bearing note requiring ten annual payments of 400,000. The first payment was made on December 31, 2020. The market interest rate for similar notes at date of issuance was 8%. Period Present value of 1 at 8% Present value of ordinary annuity of 1 at 8% O 9 0.50 6.25 10 0.46 6.71 On December 31, 2020, what amount should be reported as note receivable? P Type here to search 2:30 PM