Preparing Entries and Interest Schedule for Long-Term Note Receivable: Effective Interest Method On July 1, 2020, Stealth Company sold a machine (classified as inventory that had a list price of 572,000. The customer paid $12.000 cash and signed a three-year, 560,000 note that specified a stated interest rate af S4. Annual interest on the full amount of the principal is payable each June 30. The principal is payable on June 30, 2023. The market rate of interest for a note of this risk is 8% Required a Compute the present value of this note. SO wupport b. Prepare an effective interest schedule for this note. Stated Market Di Note Date Interest Interest Amortization Carrying Value 1.2020 Jun 30, 2015 0 Jun 30, 2002 0 0 Jun 30, 2033 0 0 c. Prepare all entries required by Stealth for this note through its maturity date, including year end adjustments Date Account Name 1.2000 + . 0 0 Sale 0 2001 Cash 0 . 0 D 2003 Cash 9 THAM 0 0 0 0 Jun 30, 2022 0 0 0 Jun 30, 2023 0 C. Prepare all entries required by Stealth for this note through its maturity date, including year-end adjustments. Date Account Name Dr. Cr. Jul. 1. 2020 0 0 12.000 0 0 0 Sales Revenue Jun 30, 2021 Cash 0 0 0 0 0 0 > > 0 0 Jun 30, 2022 Cash 0 0 0 0 0 0 Jun 30, 2023 Cash 0 0 0 OOO OO To record interest on note Jun 30, 2023 0 0 To record settlement of note Check