Question: On December 3 1 , 2 0 2 5 , Sunland Company signed a $ 1 , 0 2 2 , 0 0 0

On December 31,2025, Sunland Company signed a \$1,022,000 note to Coronado 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, Sunland's financial situation worsened. On December 31,2027, Coronado Bank determined that it was probable that the company would pay back only \(\$ 613,200\) of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the \(\$ 1,022,000\) loan.
(a)
Determine the amount of cash Sunland received from the loan on December 31,2025.(Round present value factors to 5 decimal places, e.g.0.52513 and final answer to 0 decimal places, e.g.5,275.)
Amount of cash Sunland received from the loan
 On December 31,2025, Sunland Company signed a \$1,022,000 note to Coronado

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