How much interest will be earned in Year 2 and 3

How much interest revenue will Billy's Balloon Factory recognize (in total) over the three-year period?

(1) Read the scenario and answer the three questions. (2) Fill in the table with the correct formula, find and enter the factor from the correct table to be used in the formula, then calculate the value the problem is solving for. Factor should be entered including four decimal places. All dollar amounts should be rounded to the nearest whole dollar. (3) Fill out the journal entry. TVM Tobles (Click links to access) Fucu Valco 51 Present Value of 1 Fleur VALDAR Pluran Odio ALL Pruwt Valuelan Annuity. Dur Billy's Balloon Factory (BBF) enters into a sales contract with a new customer involving a significant financing component. Delivery occurs at the date of the contract inception. However, payment of the contract price of $560,000 will not occur until hree years later. The interest rate charged in similar arrangements in the industry is 9%. What amount should BBF record as the sale in the journal? Which financial amunt iuris impacted by this tractan? Notes Receivable The problems wing for Prasanta The calculador Incives: ASS Table Method Tate 563000 0.7722 432432 Record the sale in the journal: Date of Delivery Debit Accounts Credit 432433 412413 How much interest will be earned in Year 1? 172972 (1) Read the scenario and answer the three questions. (2) Fill in the table with the correct formula, find and enter the factor from the correct table to be used in the formula, then calculate the value the problem is solving for. Factor should be entered including four decimal places. All dollar amounts should be rounded to the nearest whole dollar. (3) Fill out the journal entry. TVM Tobles (Click links to access) Fucu Valco 51 Present Value of 1 Fleur VALDAR Pluran Odio ALL Pruwt Valuelan Annuity. Dur Billy's Balloon Factory (BBF) enters into a sales contract with a new customer involving a significant financing component. Delivery occurs at the date of the contract inception. However, payment of the contract price of $560,000 will not occur until hree years later. The interest rate charged in similar arrangements in the industry is 9%. What amount should BBF record as the sale in the journal? Which financial amunt iuris impacted by this tractan? Notes Receivable The problems wing for Prasanta The calculador Incives: ASS Table Method Tate 563000 0.7722 432432 Record the sale in the journal: Date of Delivery Debit Accounts Credit 432433 412413 How much interest will be earned in Year 1? 172972