Question: Question 8 5 points Save Answer On January 1, 2020, Queen Ltd. sold property to King Company. There was no established exchange price for the

Question 8 5 points Save Answer On January 1, 2020, Queen Ltd. sold property to King Company. There was no established exchange price for the property, and King gave Queen a $3.000.000. zero interest bearing note payable in five equal annual installments of $ 600,000, with the first payment due December 31, 2020 The market rate of interest for a note of this type la 9% What should be the balance of the Note Payable to Queen Ltd, account on King's December 31, 2020 adjusted trial balance, assuring that the note is recorded at net and the effective interest method is used? (Round to the nearest dollar, if necessary $ 1,943,832 $ 3,000,000 Ob $ 2.333.791 Oc $2.400,000 Od

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