Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January 1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount 2,000,000 Origination fee charged against the borrower 171,050 Direct origination cost incurred 75,000 Indirect origination costs 15,000 After considering the origination fee charged against the borrower and the direct origination cost incurred, the effective rate on the loan is 12.5%. Q1. The carrying amount ofthe loan on January 1, 2020: is Q2: The journal entries on January 1, 2020: Problem 2: Lse granted a loan to the borrower on January 1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount 1,500,000 Origination fee charged against the borrower 50,000 Direct origination cost incurred 130,150 After considering the origination fee charged against the borrower and the direct origination cost incurred, the effective rate on the loan is 6%. Q1: the carrying amount ofloan on January 1, 2020 is: Q2: the journal entry on January 1, 2020 would be: Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January 1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount 2,000,000 Origination fee charged against the borrower 171,050 Direct origination cost incurred 75,000 Indirect origination costs 15,000 After considering the origination fee charged against the borrower and the direct origination cost incurred, the effective rate on the loan is 12.5%. Q1. The carrying amount ofthe loan on January 1, 2020: is Q2: The journal entries on January 1, 2020: Problem 2: Lse granted a loan to the borrower on January 1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount 1,500,000 Origination fee charged against the borrower 50,000 Direct origination cost incurred 130,150 After considering the origination fee charged against the borrower and the direct origination cost incurred, the effective rate on the loan is 6%. Q1: the carrying amount ofloan on January 1, 2020 is: Q2: the journal entry on January 1, 2020 would be