Whispering Inc. had the following long-term receivable account balances at December 31, 2016.

Note receivable from sale of division		$900,000
Note receivable from officer		429,000

Transactions during 2017 and other information relating to Whisperings long-term receivables were as follows.

		1. The $900,000 note receivable is dated May 1, 2016, bears interest at 10%, and represents the balance of the consideration received from the sale of Whisperings electronics division to New York Company. Principal payments of $300,000 plus appropriate 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.
		2. The $429,000 note receivable is dated December 31, 2016, bears interest at 9%, and is due on December 31, 2019. The note is due from Sean May, president of Whispering Inc. and is collateralized by 10,725 shares of Whisperings common stock. Interest is payable annually on December 31, and all interest payments were paid on their due dates through December 31, 2017. The quoted market price of Whisperings common stock was $46 per share on December 31, 2017.
		3. On April 1, 2017, Whispering sold a patent to Pennsylvania Company in exchange for a $141,000 zero-interest-bearing note due on April 1, 2019. There was no established exchange price for the patent, and the note had no ready market. The prevailing rate of interest for a note of this type at April 1, 2017, was 13%. The present value of $1 for two periods at 13% is 0.783 (use this factor). The patent had a carrying value of $56,400 at January 1, 2017, and the amortization for the year ended December 31, 2017, would have been $11,280. The collection of the note receivable from Pennsylvania is reasonably assured.
		4. On July 1, 2017, Whispering sold a parcel of land to Splinter Company for $200,600 under an installment sale contract. Splinter made a $60,180 cash down payment on July 1, 2017, and signed a 4-year 12% note for the $140,420 balance. The equal annual payments of principal and interest on the note will be $45,083 payable on July 1, 2018, through July 1, 2021. The land could have been sold at an established cash price of $200,600. The cost of the land to Whispering was $150,600. Circumstances are such that the collection of the installments on the note is reasonably assured. Requirements: 1: prepare the long-term receivables section of whispering's balance sheet on December 31, 2017. 2: prepare a schedule showing the current portion of the long-term receivables that would appear in Whispering's balance sheet December 31, 2017 3: prepare a schedule showing the accrued interest receivable that would appear in Whisper's balance sheet on December 31, 2017. 4: prepare the schedule showing the interest revenue that would appear in Whisper's income statement on December 31, 2017.