Notes Receivable. Use the following present value tables to help answer the following questions. AUDRESINA Question 11 Time Elapsed: Hide Attempt due: Oct 17 at 11 31 Minutes, 14 Secc "Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or s sign. (Sorry...Canvas is very sensitive and will mark your answer incorrect due to rounding and punctuation.) Due to possible rounding differences, all answer solutions are programmed as acceptable that are +-1. For example, if the correct answer is $54,372, all possible answer solutions that would be accepted would be 54,371, 54372, and 54,373. PV of $1 Periods 3 2% .94 4% .89 6% 84 5 91 82 74 8 85 73 63 .55 50 10 82 .68 56 46 42 12 79 62 50 20 .67 46 31 9% 77 .65 36 18 Present Value of an Ordinary Annuity 2% 4% 2.88 4.71 7.33 8.98 10.58 16.35 2.77 4.456.73 8.11 9.38 13.59 2.67 4.21 6.21 7.36 8.38 11.47 2.57 3.99 5.75 6.71 7.54 9.82 2.53 3.89 5.53 6.41 7.16 9.13 8% 9% Part I. On April 1, 20x1, ABC Company rendered services to Sparky, Inc. in exchange for a three year, $400,000, 8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately, December 31st is the fiscal year end for ABC Sparky's normal cost to borrow is 8%. Required: Use the above information to answer the next (4) questions: 1. Determine the dollar amount of the cash payment of P&I to be $[Question_1] Question 4 2.9 pts Using the information presented in #1 above, prepare a partial Balance Sheet as of December 31, 20x1: Current Assets: Interest Receivable $ 24000 Note Receivable (current maturity) $ 276358 Long-Term Investments: Note Receivable