1. Getting a Degree Company purchases a seven-year, $150,000 note receivable with a stated annual rate of 10%. The market rate of interest for a note of similar risk is 8%. a. Prepare the journal entry to record the purchase of the note (round answers to the nearest whole dollar, tables needed for calculation are provided on the page 3): (7 pts) Description Debit Credit D b. Prepare the journal entry to record the interest revenue at the end of the first year (round answers to the nearest whole dollar): (7 pts)