Chapter 16, Problem 16.15E

Notes Receivable. Each of the following three columns refers to an independent case. All data represent amounts as of January 1, the date on which the long-term notes receivable were issued except for the interest income, which is for the life of the note. Assume annual interest payments. Fill in the missing information identified by the letters A through I.

Item	Case 1	Case 2	Case 3
Notes receivable, face value	$900,000	$1,000,000	$2,000,000
Initial carrying value	A	$901,819	G
Market rate	B	8%	H
Stated rate	8%	7%	10%
Term of notes 1 in years)	20 years	D	5years
Note receivable discount	(153,244)	E	1
Interest income over the note's term	C	F	1,200,000