Question: Please show how you got the answer please. Thank you! Multiple Choice Question 98 On January 1, 2018, Oriole Company sold property to Sandhill Compan

Please show how you got the answer please. Thank you!

Multiple Choice Question 98 On January 1, 2018, Oriole Company sold property to Sandhill Compan y. There was no established exchange price for the property, and Sandhill gave Oriole a $5300000 zero-interest-bearing note payable in 5 equal annual installments of $1060000, with the first payment due December 31, 2018. The prevailing rate of interest for a note of this present value of the note at 10%was $4 type is 10%. The 018248 at January 1, 2018. What should be the balance of the Discount on Notes Payable account on the books of Sandhill at December 31, 2018 after adjusting entries are made, assuming that t effective-interest method is used? O $879927. O $917284. $1281752. $0

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