xxxhad the following long-term receivable account balances at December 31, 2019.

Note receivable from sale of division $2,100,000

Note receivable from officer $467,900

Transactions during 2020 and other information relating toWindsor's long-term receivables were as follows.

1.The $2,100,000note receivable is dated May 1, 2019, bears interest at10%, and represents the balance of the consideration received from the sale ofWindsor's electronics division to New York Company. Principal payments of $700,000plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note installments is reasonably assured.

2.The $467,900note receivable is dated December 31, 2019, bears interest at9%, and is due on December 31, 2022. The note is due from Sean May, president ofWindsorInc. and is collateralized by11,698shares ofWindsor's common stock. Interest is payable annually on December 31, and all interest payments were paid on their due dates through December 31, 2020. The quoted market price ofWindsor's common stock was $44per share on December 31, 2020.

3.On April 1, 2020,Windsorsold a patent to Pennsylvania Company in exchange for a $107,000zero-interest-bearing note due on April 1, 2022. 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 April 1, 2020, was12%. The present value of $1 for two periods at12% is0.797(use this factor). The patent had a carrying value of $42,800at January 1, 2020, and the amortization for the year ended December 31, 2020, would have been $8,560. The collection of the note receivable from Pennsylvania is reasonably assured.

4.On July 1, 2020,Windsorsold a parcel of land to Splinter Company for $200,000under an installment sale contract. Splinter made a $60,000cash down payment on July 1, 2020, and signed a4-year11% note for the $140,000balance. The equal annual payments of principal and interest on the note will be $45,125payable on July 1, 2021, through July 1, 2024. The land could have been sold at an established cash price of $200,000. The cost of the land toWindsorwas $150,000. Circumstances are such that the collection of the installments on the note is reasonably assured.

1.Prepare the long-term receivables section ofWindsor's balance sheet at December 31, 2020

2.plz give the schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear inWindsor's balance sheet at December 31, 2020.

3.plz give schedule showing interest revenue from the long-term receivables that would appear onWindsor's income statement for the year ended December 31, 2020