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View Policies Show Attempt History Current Attempt in Progress On December 31, 2020, Larkspur Company signed a $1.290,500 note to Cullumber 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, Larkspur's financial situation worsened. On December 31, 2022 Cullumber Bank determined that it was probable that the company would pay back only $774,300 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,290,500 loan. Your answer is incorrect Determine the amount of cash Larkspur received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, eg, 0.52513 and final answer to decimal places, eg 5,275.) Amount of cash Larkspur received from the loan I $ eTextbook and Media Save for Later Attempts: 2 of 3 used Submit