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Question 7 Spoints. Save Answer at 1/1/2020 Sham Group makes a loan to Amman Co...

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Question 7 Spoints. Save Answer at 1/1/2020 Sham Group makes a loan to Amman Co and receives in exclunge a two year, note bearing interest at 12 percent annually. The following is a schedule of note discount/premium amortization using effective interest method Date Cash received Interest revenue Carrying amount 8280 72 72 1/1/2020 8148 ?? 31/12/2020 31/12/2021 960 22 ?? 1. what is the amount of notes receivable to be collected in cash at 31/12/2021? Grounded) - 8280 b. 8000 c-7720 d 8140 e-8100 2. what is the amount of interest revenue for 2020? 2 zero b. 960 C-828 d: 993.6 -1092

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