500,000.00 0.9 450,000.

00
1,000,000.00 0.81 810,000.00
2,000,000.00 0.73 1,460,000.00
4,000,000.00 0.66 2,640,000.00
Present value of loan 5,360,000.00
Carrying amount of loan 8,325,000.00
Impairment loss 2,965,000.00
Accrued interest 825,000.00
Allowance for impairment 2,140,000.00
Present value of loan 5,360,000.00
Multiply interest rate 11%
Interest income 589,600.00

Loan receivable 7,500,000.00

Principal payment 500,000.00
Allowance for impairment 1,550,400.00
Carrying amount of loan, 2021 5,449,600.00