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Sunland Company receives $385,000 when it issues a $385,000,8%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms

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Sunland Company receives $385,000 when it issues a $385,000,8%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $44,979 on December 31

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