USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (4) QUESTIONS: *For all PV calculations, use the tables presented in #1 above On January 1, 2020, ABC rendered services to Smith Corporation and accepted a $200,000 note. In exchange, Smith agreed to make (5) annual payments of P&I with the first payment to be made on December 31, 2020. An interest rate of 8% is imputed. Required: Use the information above to answer the next (4) questions $[Question_1] 1. Determine the amount of (1) PMT of P&I 2. What amount of Service Revenue should ABC recognize on January 1, 2020? 3. What amount of Interest Revenue should ABC recognize on this note for the year ending December 31, 2021? 4. What is the carrying Value of the Note Receivable at December 31, 2021? $ $ Required: Determine the amount of (1) PMT of P&I: $ *Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or $ sign. (Sorry... Blackboard is very sensitive and will mark your answer incorrect due to rounding and punctuation.) PV of $1 Periods 3 5 10 4% 89 82 70 68 84 74 59 156 6% 8% 179 68 50 46 9% 77 65 46 42 Present Value of an Ordinary Annuity 4% 2.77 4.45 7.43 8:11 6% 2.67 6.80 4.21 3.99 7.36 6.71 8% 2.57 6.25 99 2.53 3.89 5.99 6.41