Question $4$:

On January $1^{st},$ Year $1$ABC rendered services in exchange for a $6\%,6-$year promissory note having a face value of $$80,000.$ Interest was to be paid annually. This customer's risk level required that money be borrowed at $8\%$ interest.

A$.$ What amount of service revenue will ABC record on January $1^{st},$ Year $1($the date the note is issued$)?$

B$.$ What amount of interest revenue will ABC record in Year $1$ and Year $2.$

C$.$ Prepare a full amortization table for this note.