You may use the following abbreviated tables to answer questions 17, 18, and 19, or use your calculator and select the closest answer (rounding to the nearest dollar): Present Value of $1 Present Value of an ordinary Annuity n 3% 5% 6% 10% 12% 3% 5% 6% 10% 12% 1 97087 95238 .94340.90909.89286 .97087 95238 .94403 .90909 .89286 5 .86261 .78353 .74726.62092 .56743 4.57971 4.32948 4.21236 3.79079 3.60478 ON 6 .83748 .74622.70496 .56447 .50663 5.41719 5.07569 4.91732 4.35526 4.11141 10 .74409 .61391 .55839 .38554 .32197 8.53020 7.72173 7.360096.14457 5.65022 12 .70138 .55 .496 668 9.95400 8.86325 8.38384 6.81369 6.1 437 Question 17 4 pts On January 1, 2019, ABC Company performed services for a client in exchange for a cash down payment of $50,000 and 5-year, $300,000, 6% interest bearing note with the interest to be paid at the end of each year (Dec 31). The customer had a credit rating that required the money be borrowed at 10%. How much Service Revenue should ABC recognize on January 1, 2019? Question 17 4 pts On January 1, 2019, ABC Company performed services for a client in exchange for a cash down payment of $50,000 and 5-year, $300,000, 6% interest bearing note with the interest to be paid at the end of each year (Dec 31). The customer had a credit rating that required the money be borrowed at 10%. How much Service Revenue should ABC recognize on January 1, 2019? $304,511 $254,538 $254,300 $236,300