the last column in that above part is for carrying amount

List of Accounts:

• Accumulated Depreciation - Buildings
• Accumulated Depreciation - Equipment
• Accumulated Depreciation - Machinery
• Allowance for Doubtful Accounts
• Bad Debt Expense
• Bond Interest Payable
• Bonds Payable
• Buildings
• Cash
• Common Shares
• Cost of Goods Sold
• Depreciation Expense
• Equipment
• FV-NI Investments
• FV-OCI Investments
• Gain on Disposal of Buildings
• Gain on Disposal of Equipment
• Gain on Disposal of Machinery
• Gain on Redemption of Bonds
• Gain on Restructuring of Debt
• Gain on Sale of Investments
• Interest Expense
• Interest Income
• Interest Payable
• Interest Receivable
• Inventory
• Investment Property
• Land
• Loss on Disposal of Machinery
• Loss on Redemption of Bonds
• Loss on Retirement of Bonds
• Loss on Restructuring of Debt
• Loss on Sale of Investments
• Machinery
• Modification Gain or Loss
• Mortgage Payable
• No Entry
• Notes Payable
• Notes Receivable
• Sales Revenue
• Unearned Revenue
• Unrealized Gain or Loss
• Unrealized Gain or Loss - OCI

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all of the parts above are part of the same question

On January 1, 2020, Ivanhoe Limited issued a $960,000, 5-year, zero-interest-bearing note to Northern Savings Bank. The note was issued to yield 6% annual interest. Unfortunately, during 2020 Ivanhoe fell into financial trouble due to increased competition. After reviewing all available evidence on December 31, 2020, Northern Savings Bank decided that the loan was impaired and that there was a significant change in credit risk. Ivanhoe will probably pay back only $640,000 of the principal at maturity. For simplicity, assume that this reflects the probability-weighted amount. Both Ivanhoe and Northern Savings Bank prepare financial statements in accordance with IFRS 9. Using (1) factor tables. (2) a financial calculator, or (3) Excel function PV. prepare journal entries for both Ivanhoe and Northern Savings Bank to record the issuance of the note on January 1, 2020. Use the result from the financial calculator or Excel function PV. (Hint: Refer to Chapter 3 for tips on calculating. (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Ivanhoe Limited: January 1, 2020 Northern Savings Bank: January 1, 2020 Assuming that both Ivanhoe and Northern Savings Bank use the effective interest method to amortize the discount, prepare the amortization schedule for the note. (Round answers to decimal places, eg. 5,275. Do not leave any answer field blank. Entero for amounts.) SCHEDULE FOR INTEREST AND DISCOUNT AMORTIZATION- EFFECTIVE INTEREST METHOD Discount Effective Interest Amortized Date Cash Interest Car 1/1/20 12/31/20 $ 12/31/21 12/31/22 12/31/23 12/31/24 Total $ $ Using (1) factor tables. (2) a financial calculator, or (3) Excel function PV estimate the loss that Northern Savings Bank will suffer from Ivanhoe's financial distress on December 31, 2020. (Hint: Refer to Chapter 3 for tips on calculating.) What journal entries should be made to record this loss? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Debit Credit Account Titles and Explanation Ivanhoe Limited: December 31, 2020 Northern Savings Bank: December 31, 2020