N/R- 1/1/2020 5,000,000.

00
N/R- 12/31/2019 2,000,000.00
N/R- 1/1/2021 2,800,000.00
9,800,000.00

Question no.
1 9,800,000.00
2 730,000.00
3 6,696,680.00
4 1,000,000.00
5
Amortization table
Date Principal Interest Principal Carrying
collection amount
1/1/2021 2,800,000.00
1/1/2022 883,320.00 280,000.00 603,320.00 2,196,680.00
1/1/2023 883,320.00 219,668.00 663,652.00 1,533,028.00
1/1/2024 883,320.00 153,302.80 730,017.20 803,010.80
1/1/2025 883,320.00 80,309.20 803,010.80
N/R- 1/1/2020 7,500,000.00 N/R- 1/1/2020
installment 01/01/2021 (2,500,000.00) 1/1/2021
5,000,000.00 450,000.00 Current
Non current
N/R- 12/31/2019 2,000,000.00
Interest- 12/31/2020 160,000.00 N/R- 12/31/2019
Interest- 12/31/2021 160,000.00 Paid

N/R- 1/1/2021 280,000.00 N/R- 1/1/2021

730,000.00

Selling price 4,000,000.00

Less: Cost 3,000,000.00
Gain(loss) 1,000,000.00
 7,500,000.00
(2,500,000.00)
(2,500,000.00)
2,500,000.00

2,000,000.00

2,196,680.00
6,696,680.00