SAOD Company sold merchandise for $300,000 to RELANSE Company on January 1, 2021 and received a one-year note bearing an interest rate of 12% for the full amount. Interest receivable related to the note is $36,000 as of December 31, 2021. Because of the recent financial crisis experienced by RELANSE, on December 31, 2021, an agreement to restructure the note has been reached in which only $210,000 of the principal will be collected at the end of 2023 and condonation of the accrued interest. The Present Value at 12% after two years is. 0.7972. 1. How much is the amount of impairment loss SAOD Company must recognize on its receivable on December 31, 2021? a. $132,588.00 b. $68,140.80 c. $100,447.20 d. $168,588.00   2. How much is the carrying value of the Restructured Notes Receivable (present value of future cash inflows) to be shown in SAOD’s statement of financial position as of December 31, 2021? a. $167,412.00 b. $210,460.80 c. $239,160.00 d. $138,712.80

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