Accounts receivable

### 4,350,000
### 50,000
80,000
###

Age Amount % uncoll. Allowance

0-30 days 785,000 2% 15,700
31-60 days 471,000 5% 23,550
over 60 days 314,000 15% 47,100
Total 1,570,000 86,350

Allowance for Bad debts

80,000 33,750
15,000
117,600
86,350

Note: No provision was made in the previous months.

Gross accounts receivable 1,570,000

Less: Allowance, end (86,350)
NRV 1,483,650

Accounts receivable
773,450 5,515,000
### 90,000

###

Note: Add back the beginning balance of allowance in analysis of

 Accounst receivable gross balance

Age Amount % uncoll. Allowance

0 - 30 days 700,000 1% 7,000
31 - 90 days 320,000 4% 12,800
91 - 180 days 210,000 8% 16,800
over 180 138,450 15% 20,768
Total 1,368,450 57,368

Allowance for Bad debts

90,000 23,450
35,000
88,918
57,368

Accounts receivable
400,000 32,000
7,000
375,000

Allowance for BD
32,000 34,000
5,000
12,000
19,000

Accounts receiivable 12/31/22 375,000

Less: Allowance, end (19,000)
Net realizable value 356,000
 2,135,341
0.71178025
0.28821975
2.40183127
720,549
2,855,890
144,110

Date NI EI Amort CV
1/1/23 2,855,890
12/31/23 300,000 342,707 42,707 2,898,597
12/31/24 300,000 347,832 47,832 2,946,429
12/31/25 300,000 353,571 53,571 3,000,000

Date Prin NI EI Amort

1/1/23
12/31/23 1,000,000 360,000 310,263 49,737
12/31/24 1,000,000 240,000 205,289 34,711
12/31/25 1,000,000 120,000 101,818 18,182

Current portion: 2,052,893 - 1,018,182 = 1,034,711

Non-current portion (CV next year) 1,018,182
Total CV as of 12/31/2023 2,052,893

Due within 12 months after the reporting period:

Principal to be collected on 12/31/2024 1,000,000
Plus: Amortization of premium on that year 34,711
CV of current portion 1,034,711

Due beyond 12 months after the reporting period:

Principal to be collected on 12/31/2025 1,000,000
Plus: Amortization of premium on that year 18,182
CV of non-current portion 1,018,182

Date Prin NI EI Amort

6/30/23
6/30/24 1,000,000 360,000 310,263 49,737
6/30/25 1,000,000 240,000 205,289 34,711
6/30/26 1,000,000 120,000 101,818 18,182

Date Prin NI EI Amort

6/30/23
12/31/23 180,000 155,132 24,869
6/30/24 1,000,000 180,000 155,132 24,869
12/31/24 120,000 102,645 17,355
6/30/25 1,000,000 120,000 102,645 17,355
12/31/25 60,000 50,909 9,091
6/30/26 1,000,000 60,000 50,909 9,091

Interest income - 2023

Interest income - 2024

Interest income - 2025

Interest income - 2026

PV of note receivable 1/1/2021:
PV of principal (500,000 x 1.05 ^-4) 411,351
PV of interest (500,000 x 3% x 3.545950) 53,189
Initial PV of NR 464,540
Add: Cash received 200,000
Total selling price 664,540
Less: CV of equipment sold (1M - 400,000) (600,000)
Gain on sale 64,540

464,540 x 1.05 - 15,000 = 472,767 x 5% = 23,638

Note receivable for sale of goods:

Interest receivable / Interest income (2M x 12% x 6/ 120,000

Note receivable from sale of equipment:

Principal 3,000,000
Add: Interest income in 2021 (3M x 12%) 360,000
CV as of 12/31/2021 3,360,000
Multiplied by: 12% 12%
Interest income in 2022 403,200

Note receivable from services rendered:

CV = PV as of 12/31/2022 1,000,000

2022 1,000,000 500,000 1,500,000 0.970874

2023 2,000,000 450,000 2,450,000 0.942596
2024 3,000,000 350,000 3,350,000 0.915142
2025 4,000,000 200,000 4,200,000 0.888487
Initial CV of note receivable

Date Principal NI (5%) EI (3%) Amort

1/1/22
12/31/22 1,000,000 500,000 316,891 183,109
12/31/23 2,000,000 450,000 281,398 168,602
12/31/24 3,000,000 350,000 216,340 133,660
12/31/25 4,000,000 200,000 122,330 77,670

Principal amount 500,000

Less: discount (500,000 x 12%x 6/12) (30,000)
Proceeds from discounting 470,000

Receivable factored 1,000,000

Less: Factoring fee (loss on factoring) 1M x 5% (50,000)
Less: Receivable from factor (1Mx 10%) (100,000)
Proceeds from factoring 850,000

Total proceeds 1,320,000

Pricipal amount (loan) XX

Add: Direct origination cost XX
Less: Direct origination fee (XX)
Initial CV of loan receivable XX

Note: Because of the effect of direct origination cost and fee, the effective int

Pricipal amount (loan) 20,000,000

Add: Direct origination cost 478,991
Less: Direct origination fee (2,210,782)
Initial CV of loan receivable 18,268,209
PV of loan receivable using 5% effective interest:
PV of principal (20M x 1.05^-5) 15,670,523
PV of interest (20M x 3% x 4.329477) 2,597,686
Initiial CV of loan receivable 18,268,209

Date NI (3%) EI (5%) Amort CV

4/1/21 18,268,209
12/31/21 450,000 685,058 235,058 18,503,267
4/1/22 150,000 228,353 78,353 18,581,620
12/31/22 450,000 696,811 246,811 18,828,431
4/1/23 150,000 232,270 82,270 18,910,701
12/31/23 450,000 709,151 259,151 19,169,852
4/1/24 150,000 236,384 86,384 19,256,236
12/31/24 450,000 722,109 272,109 19,528,345
4/1/25 150,000 240,703 90,703 19,619,048
12/31/25 450,000 735,714 285,714 19,904,762
4/1/26 150,000 245,238 95,238 20,000,000

18,268,209 x 5% = 913,410
18,581,620 x 5% = 929,081
18,910,701 x 5% = 945,535

Total interest income in 2022 925,163

alysis of
NCA Due beyond 12 months
CA Due within 12 months

CV
3,102,630 Cash
2,052,893 Premium on NR
1,018,182 Interest income
(0) Notes receivable

Interest receivable
Premium on NR
Interest income

CV
3,102,630
2,052,893
1,018,182
(0)

CV
3,102,630 Current 1,024,869
3,077,762
2,052,893 Non - current 2,052,893
2,035,538
1,018,182 Principal due on 6/30/24
1,009,091 Plus: Amort.
(0) CV of current portion

155,132 Principal due on 6/30/25 and 26

Plus: Amort.
257,776 CV of non-current portion

153,554

50,909
 1,456,311
2,309,360
3,065,725
3,731,646
10,563,041

CV
10,563,041
9,379,932
7,211,330
4,077,670
-
 basis of effective interest

ee, the effective interest will change

1,360,000
 49,737
310,263
1,000,000

360,000
49,737
310,263
1,000,000
24,869
1,024,869

2,000,000
52,892
2,052,892