$($c$).$

Determine the loss on impairment that Culver Bank should recognize on December $31,2022.($Round present value factors to $5$ decimal places, e$.$g$.0\mathrm{.}52500$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Loss due to impairment $

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Prepare a note amortization schedule for Culver Bank up to December $31,2022.($Round answers to $0$ decimal places, eg$.5,275.)$

Current Attempt in Progress

On December $31,2020,$ Flounder Company signed a $$1,023,100$ note to Culver Bank. The market interest rate at that time was $11\%.$ The stated interest rate on the note was $9\%,$ payable annually. The note matures in $5$ years. Unfortunately, because of lower sales, Flounder's financial situation worsened. On December $31,2022,$ Culver Bank determined that it was probable that the company would pay back only $$613,860$ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $$1,023,100$ loan.