Question: On December 3 1 , 2 0 2 5 , Waterway Company signed a $ 1 , 2 2 8 , 5 0 0 note
On December Waterway Company signed a $note to Wildhorse Bank. The market interest rate at that time was The stated interest rate on the note was payable annually. The note matures in years. Unfortunately, because of lower sales, Waterways financial situation worsened. On December Wildhorse Bank determined that it was probable that the company would pay back only $of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $loana Your Answer Correct Answer Used Determine the amount of cash Waterway received from the loan on December Round present value factors to decimal places, eg and final answer to decimal places, eg Amount of cash Waterway received from the loan $enter the amount of cash received from the loan in dollars b Prepare a note amortization schedule for Wildhorse Bank up to December Round answers to decimal places, eg Note Amortization Schedule Before Impairment Date Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount eTextbook and Media Save for LaterLast saved second ago.Saved work will be autosubmitted on the due date. Autosubmission can take up to minutes.Attempts: of usedSubmit Answer c The parts of this question must be completed in order. This part will be available when you complete the part above.
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