On December $31,2025,$ Big Bad Accounting Corp. provided consulting services to Tecky Inc. Tecky gave a $2-$year, $$200,000,7\%$ note. Tecky had previously sought a bank loan and was told the bank would charge Tecky $9\%$ interest. The note issued by Big Bad Accounting required interest to be paid annually on December $31.$ Big Bad Accounting Corp's financial statements are prepared on a calendar$-$year basis.

$1)$ The present value of the note receivable should be calculated using the Excel PV formula in the amortization table.

$2)$ Amounts should all be rounded to the nearest dollar $($no cents$).3)$ Amounts from the Amortization Table should be used to populate the journal entries when possible $($otherwise use amounts in the Data provided$).$

$4)$ If you get a yellow cell after entering data, be sure to look for the "tip" provided by the tool in the row at the top of your spreadsheet. Often this is a formatting issue.