1 1,049,173.

24

2 Amortization Table
Date Interest Income Cash Receipts Amortization Carrying Amount
January 1, 2020 - - - 1,049,173.24
June 30, 2020 62,950.39 70,000 -7,049.61 1,042,123.63
December 31, 2020 62,527.42 70,000 -7,474.58 1,034,651.05
June 30, 2021 62,079.06 70,000 -7,920.94 1,026,730.11
December 31, 2021 61,603.81 70,000 -8,396.19 1,010,333.92
June 30, 2022 61,100.04 70,000 -8,899.96 1,009,433.96
December 31, 2022 60,566.04 70,000 -9,433.96 1,000,000

3 Interest Income 2020 2021 2022

Jun-30 62,950.39 62,079.06 61,100.04
Dec-30 62,527.42 61,603.81 60,566.04
Annual Interest Income 125,477.81 123,682.87 121,666.08
 Analysis of Receivables
Particulars 2020 2021
Credit Sales 22500000 21600000
Beginning 1200000 1300000
Ending 1300000 1700000
Total Receivable 2500000 3000000
Divided by 2 2 2
Average Receivable 1250000 1500000
1 A/R Turnover 18 14.4
2 Average Collection Period 20 25