$($Comprehensive Receivables Problem$)$ Braddock Inc. had the following long$-$term receivable account balances at December $31,2024.$ NR Note receivable from sale of division $$1,500,000$ Note receivable from officer $400,000$ Transactions during $2025$ and other information relating to Braddocks long$-$term receivables were as follows. $1.$ The $$1,500,000$ note receivable is dated May $1,2024,$ bears interest at $9\%,$ and represents the balance of the consideration received from the sale of Braddocks electronics division to New York Company. Principal payments of $$500,000$ plus appropriate interest are due on May $1,2025,2026,$ and $2027.$ The first principal and interest payment was made on May $1,2025.$ Collection of the note installments is reasonably assured. $2.$ The $$400,000$ note receivable is dated December $31,2024,$ bears interest at $8\%,$ and is due on December $31,2027.$ The note is due from Sean May, president of Braddock Inc. and is collateralized by $10,000$ shares of Braddocks common stock. Interest is payable annually on December $31,$ and all interest payments were paid on their due dates through December $31,2025.$ The quoted market price of Braddocks common stock was $$45$ per share on December $31,2025.3.$ On April $1,2025,$ Braddock sold a patent to Pennsylvania Company in exchange for a $$100,000$ zero$-$interest$-$bearing note due on April $1,2027.$ There was no established exchange price for the patent, and the note had no ready market. The prevail$-$ing rate of interest for a note of this type at April $1,2025,$ was $12\%.$ The present value of $$1$ for two periods at $12\%$ is $0\mathrm{.}797($use this factor$).$ The patent had a carrying value of $$40,000$ at January $1,2025,$ and the amortization for the year ended December $31,2025,$ would have been $$8,000.$ The collection of the note receivable from Pennsylvania is reasonably assured. $4.$ On July $1,2025,$ Braddock sold a parcel of land to Splinter Company for $$200,000$ under an installment sale contract. Splin$-$ter made a $$60,000$ cash down payment on July $1,2025,$ and signed a $4-$year $11\%$ note for the $$140,000$ balance. The equal annual payments of principal and interest on the note will be $$45,125$ payable on July $1,2026,$ through July $1,2029.$ The land could have been sold at an established cash price of $$200,000.$ The cost of the land to Braddock was $$150,000.$ Circum$-$stances are such that the collection of the installments on the note is reasonably assured. $($a$)$ Prepare the long$-$term receivables section of Braddocks balance sheet at December $31,2025.($b$)$ Prepare a schedule showing the current portion of the long$-$term receivables and accrued interest receivable that would appear in Braddocks balance sheet at December $31,2020.($c$)$ Prepare a schedule showing interest revenue from the long$-$term receivables that would appear on Braddocks income statement for the year ended December $31,2025.$