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The Field Detergent Company sold merchandise to a customer on June 3 0 , 2 0 2 4 . Payment was made in the form

The Field Detergent Company sold merchandise to a customer on June 30,2024. Payment was made in the form of a noninterest-bearing note requiring the customer to pay $85,000 on June 30,2026. Assume that a 10% interest rate properly reflects the time value of money in this situation.
Required:
Calculate the amount at which Field should record the note receivable and corresponding sales revenue on June 30,2024.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
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