Help Save & Exit Submit The below information is the same for the next three questions On January 1, 20X1, a company financed the sale of equipment and recorded a note receivable for the sale. The accountant inappropriately recorded the sale at the face value and coupon rate in the below income statement Notes receivable (Face value) Tax rate Note receivable information: Term of the note Coupon rate Market rate 8 years 1.2% 5.6% 430,000 30% The note is due in equal annual payments of principle and interest. Incorrect income statement, for the year ended December 31, 20X1 Sales Interest revenue Cost of goods sold Expenses Pretax income Tax expense Net income $1,832.200 5,160 826.300 657.800 353,260 105.978 $247.282 What is the fair value of the note receivable