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QUESTION $3$

Using the information presented above in Scenario $(1),$ Determine the Carrying Value that Sparky will report on their Balance Sheet dated December $31,2015.$

Carrying Value at $12/31/2015$: $ $[$Blank$\_3]$

QUESTION $4$

Using the information presented above in Scenario $(2),$ Determine how much Service Revenue Sparky can report on their Income Statement for the sale on January $2,2014.$

Service Revenue at $1/02/2014$: $$[$Blank$\_4]$

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QUESTION $5$

Using the information presented above in Scenario $(2),$ Determine how much Interest Revenue Sparky can report on their Income Statement dated December $31,2015.$

Interest Revenue at $12/31/2015$; $ $[$Blank$\_5]$

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QUESTION $6$

Using the information presented above in Scenario $(2),$ Determine the Carrying Value of the Note that Sparky will report on their Balance Sheet dated December $31,2015.$

Carrying Value at $12/31/2015$: $ $[$Blank$\_6]$