Culver Corporation, a publicly-traded company, agreed to loan money to another company. On July 1. 2020, the company received a 7ve-vear promissory note with a face value of $506,000, paying interest at a face rate of 6% on July 1 each year. The note was issued o yield an effective interest rate of 7%. Culver used the effective interest method of amortization for discounts or premiums, and the company's year-end is September 30. Clitk here to view the fat tor tabile PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Use 1. PW, 1 Tahles, 2, a tinancial talculator, or 3, Excel functions to arrive at the ambunt to record the note receivable, (Round present value factor colculations to 5 decimal places, e.g. 1.25125 and the final answer to 0 decimal places, e.8. 58,971.J Note receivable