please help with letter E.

Current Attempt in Progress By December 31, 2023, Marigold Corp. had performed a significant amount of environmental consulting services for Sunland Ltd. Sunland was short of cash, and Marigold agreed to accept a $154,500, non-interest-bearing note due December 31, 2025, as payment in full. Sunland is a bit of a credit risk and typically borrows funds at a rate of 15%. Marigold is much more creditworthy and has various lines of credit at 8%. Marigold reports under IFRS. The tables in this problem are to be used as a reference for this problem. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Your Answer Correct Answer (Used) Prepare the journal entry to record the transaction on December 31, 2023, for Marigold. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 58,971.) Account Titles and Explanation Notes Receivable Service Reve Debit 116,824 Credit 116,824

By December 31, 2023, Marigold Corp. had performed a significant amount of environmental consulting services for Sunland Ltd. Sunland was short of cash, and Mar igold agreed to accept a \$154,500, non-interest-bearing note due December 31, 2025, as payment in full.Sunland is a bit of a credit risk and typically borrows funds at a rate of 15%. Marigold is much more creditworthy and has various lines of credit at 8%. Marigold reports under IFRS. The tables in this problem are to be used as a reference for this problem. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Prepare the journal entry to record the transaction on December 31, 2023, for Marisold. (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Credit account titles are automatically indented when the amcunt is entered. Do not indent manually. If no entry Is required, select "No Entry for the occount tities and enter O for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, es 58,971 ) What are the amount and classification of the note on Marigold Corp's statement of financial position as at December 31, 2024? (Round answer to 0 decimal places, eg. 58,971.) The balance of the note at December 31,2024 The note would be classified as a on the statement of financial position. eTextbook and Media List of Accounts Attempts: 1 of 3 used (e) Assume instead that Marigold reports under ASPE and uses thystraight-line method to amortize the discount on the note. What would the interest income be relating to the note for 2024 and 2025 ? (Round answer to 0 decimol ploces, es. 58,971.) Interest income for 2024 Interest income for 2025 Assuming Marigold's fiscal year end is December 31, prepare the journal entry required at December 31, 2025. (Round answers to 0 decimal places, eg. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. List all debit entries before credit entries.) Assuming Marigold's fiscal year end is December 31, prepare the journal entry required at December 31, 2024. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 58,971