Wildhorse Inc. provided several entertainment services to Blue Spruce Corporation in the past. On January 1, 2023, when the receivable for the past services was due, Blue Spruce was unable to pay the outstanding balance. Wildhorse agreed to accept a $520,000 non-interest bearing note payable on December 31,2024 . Blue Spruce typically could arrange this kind of financing at an interest rate of 15%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factonfable PRESENT VALUE OF AN ANNUITY OF 1. (a) Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivable. (Round present value factor calculations to 5 decimal places, e.g. 1.2512. Round PV tables and Excel function answers to 0 decimal places, e.g. 8,971 and round Financial calculator answer to 2 decimal places, e.g. 89.71.)