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*Exercise 7-27 On December 31, 2017, Shamrock Company signed a $1,184,400 note to Bridgeport Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Shamrock's financial situation worsened. On December 31, 2019, Bridgeport Bank determined that it was probable that the company would pay back only $710,640 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,184,400 loan. Your answer is incorrect. Try again. Determine the amount of cash Shamrock received from the loan on December 31, 2017. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to o decimal places, e.g. 5,275.) X. Amount of cash Shamrock received from the loan X Your answer is incorrect. Try again. Prepare a note amortization schedule for Bridgeport Bank up to December 31, 2019. (Round answers to 0 decimal places, e.g. 5,275.) Note Amortization Schedule (Before Impairment) Increase in Carrying Cash Interest Carrying Amount of Received Revenue Amount Note Date 12/31/17 12/31/18 XX XX ....X X... 12/31/19 X Your answer is incorrect. Try again. Determine the loss on impairment that Bridgeport Bank should recognize on December 31, 2019. (Round present value factors to 5 decimal places, e.g. 0.52500 and final answer to 0 decimal places, e.g. 5,275.) Loss due to impairment

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