On December 31, 2020, Larkspur Company signed a $1,056,300 note to Cullumber Bank. The market interest...

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On December 31, 2020, Larkspur Company signed a $1,056,300 note to Cullumber Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Larksm's financial situation worsened. On December 31, 2022, Cullumber Bank determined that it was probable that the company would pay back only $633,780 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1.056.300 loan. Prepare a note amortization schedule for Cullumber Bank up to December 31, 2022. (Round answers to 0decimal ploces, eg 5,275.) Note Amortization Schedule (Before Impairment) Increase in Ca Cash Interest Carrying Am Date Received Revenue Amount 12/31/20 12/31/21 %24 12/31/22 eTextbook and Media On December 31, 2020, Larkspur Company signed a $1,056,300 note to Cullumber Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Larksm's financial situation worsened. On December 31, 2022, Cullumber Bank determined that it was probable that the company would pay back only $633,780 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1.056.300 loan. Prepare a note amortization schedule for Cullumber Bank up to December 31, 2022. (Round answers to 0decimal ploces, eg 5,275.) Note Amortization Schedule (Before Impairment) Increase in Ca Cash Interest Carrying Am Date Received Revenue Amount 12/31/20 12/31/21 %24 12/31/22 eTextbook and Media

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