Question: only need part c. additional pictures are provided. please add all the steps thank you. (c) Determine the loss on impairment that Flint Bank should

only need part c. additional pictures are provided. please add all the steps thank you.
only need part c. additional pictures are provided. please add all the
steps thank you. (c) Determine the loss on impairment that Flint Bank
should recognize on December 31, 2022. (Round present value factors to 5
decimal places, e-8. 0.52500 and final answer to o decimal places, c.3.5,275.)

(c) Determine the loss on impairment that Flint Bank should recognize on December 31, 2022. (Round present value factors to 5 decimal places, e-8. 0.52500 and final answer to o decimal places, c.3.5,275.) Loss due to impairment $ On December 31, 2020, Teal Company signed a $1,284,300 note to Flint Bank. The market interest rate at that time was 12%. The stated interest rate on the note was 10%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Teal's financial situation worsened. On December 31, 2022, Flint Bank determined that it was probable that the company would pay back only $770,580 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1.284,300 loan (a) Your answer is correct Determine the amount of cash Teal received from the loan on December 31, 2020. (Round present value factors to 5 decimal ploces, e-3.0.52513 and final answer to 0 decimal places, c.8. 5,275.) Amount of cash Teal received from the loan e Textbook and Media Prepare a note amortization schedule for Flint Bank up to December 31, 2022. (Round answers to 0 decimal places, e.s. 5,275.) Note Amortization Schedule (Before Impairment) Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note $ $ WO $ 10300 $ 120628 (b) = Your Answer Correct Answer Your answer is correct Prepare a note amortization schedule for Flint Bank up to December 31, 2022. (Round answers to decimal places, 6.3. 5.275) Note Amortization Schedule (Before Impairment) Date Cash Received Interest Revenue Increase in Carrying Amount Carryle Amount Note 12/31/20 12/31/21 $ $ 141005 $ 12/31/22

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