Please show me the full solutions for each answers. Especially Unamortized Disco

Question

Please show me the full solutions for each answers. Especially Unamortized Discount Balance

On December 31, 2016, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $880,000, a due date of December 31, 2019, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%.

The following interest factors are provided:
Interest Rate Table Factors For Three Periods 5% 10% Future Value of 1 1.15763 1.33100 Present Value of 1 0.86384 0.75132 Future Value of Ordinary Annuity of 1 3.15250 3.31000 Present Value of Ordinary Annuity of 1 2.72325 2.48685

Explanation / Answer

Schedule of Note Discount Amortization for Green Company under the effective interest method is

Bond issue price is calculated first

Table value are based on: n= 3 i= 10% Cash Flow Table Value Amount Present Value Par (maturity value) 0.75132 880,000 661,162 Interest (annuity) 2.48685 44,000 109,421 770,583

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