On December $31,2025,$ Nash Company signed a $$1,035,300$ note to Crane Bank. The market interest rate at that time was $11\%.$ The stated interest rate on the note was $9\%,$ payable annually. The note matures in $5$ years. Unfortunately, because of lower sales, Nash's financial situation worsened. On December $31,2027,$ Crane Bank determined that it was probable that the company would pay back only $$621,180$ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $$1,035,300$ loan.$($b$)$

Your answer is correct.

Prepare a note amortization schedule for Crane Bank up to December $31,2027.($Round answers to $0$ decimal places, e$.$g$.5,275.)$ Your answer is correct.

Prepare a note amortization schedule for Crane Bank up to December $31,2027.($Round answers to $0$ decimal places, e$.$g$.5,275.)($c$)$

X Your answer is incorrect.

Determine the loss on impairment that Crane Bank should recognize on December $31,2027.($Round present value factors to $5$

decimal places, e$.$g$.0\mathrm{.}52500$ and final answer to $0$ decimal places, e$.$g$.5,275.)$