On December 31, 2020, Wildhorse Company borrowed $68,301 from Paris Bank, signing a 5-year, $110,000 zero-interest-rate note. The note was issued to yield 10% interest. Unfortunately, during 2022, Wildhorse began to experience financial difficulty. As a result, at December 31, 2022, Paris Bank determined that it was probable that it would collect only $82,500 at maturity. The market rate of interest on loans of this nature is now 11%. Prepare the entry, if any, to record the impairment of the loan on December 31, 2020, by Paris Bank.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.