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b) Prepare a note amortization schedule for Flounder Banko to December 31, 2022. Round onwers to decimos. 5,275 Note Amortization Schedule (Before Impairment) Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note Tauthon and Mars Type here to search ho IN THE 1 2001 O 0.33/1 Your Answer Correct Answer Your answer is correct Determine the amount of cash Monty received from the loan on December 31, 2020. (Round present value factors to decimal ploces eg. 0.52513 and final answer to decimal places, 35,275.) Amount of cash Monty received from the loan $ 983405 e Textbook and Media Solution Attempts: 3 of 3 used 141 . - pe here to search Question 9 of 14 0.33/1 View Policies Show Attempt History Current Attempt in Progress On December 31, 2020 Monty Company signed a $1.061.900 note to Flounder Bank. The market interest rate at that time was 11% The stated interest rate on the note was payable annually. The note matures in 5 years. Unfortunately, because of lower Monty's financial situation worsened on December 31, 2022, Flounder Bank determined that it was probable that the company would pay back only $637.140 of the principal at maturity. However, it was considered likely that interest would continue to be paid based on the $1.061.900 loan. (a) Your Answer Correct Answer Your answer is correct 141 11 hartouch