The $1,500,000 note receivable is dated May 1, 2016, bears interest at 9%, and represents the balance of the consideration received from the sale of Braddocks electronics division to New York Company. Principal payments of $500,000 plus ap- propriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note installments is reasonably assured.

(a) Prepare the long-term receivables section of Braddocks balance sheet at December 31, 2017.

(b) Prepare a schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear in Braddocks balance sheet at December 31, 2017.

(c) Prepare a schedule showing interest revenue from the long-term receivables that would appear on Braddocks income statement for the year ended December 31, 201