The below information is the same for the next twee questions On January 120xt, a company financed the sale of equipment and recorded a note recevable for the sale. The accountant inappropriately recorded the sale at the face value and coupon rate in the below income statement Notes receivable Face Value ex rate 301 Note receivable information em of the note Coupon rate 12 Market rate 56 The note is due in equal annual payments of principle and interest incorrect income statement for the year ended December 2011 Kales $2204 Interest revenue 58 Cost of goods sold 826 300 657800 Pretax income 353.260 Arense 1992 Nincome $242 What is the fair value of the note receivable? The below information is the same for the next twee questions On January 120xt, a company financed the sale of equipment and recorded a note recevable for the sale. The accountant inappropriately recorded the sale at the face value and coupon rate in the below income statement Notes receivable Face Value ex rate 301 Note receivable information em of the note Coupon rate 12 Market rate 56 The note is due in equal annual payments of principle and interest incorrect income statement for the year ended December 2011 Kales $2204 Interest revenue 58 Cost of goods sold 826 300 657800 Pretax income 353.260 Arense 1992 Nincome $242 What is the fair value of the note receivable