1. Record purchase of equipment on January 1, 2021

2. Record interest expense on December 31, 2021

3. Record interest expense on December 32, 2022

At January 1, 2021, Brant Cargo acquired equipment by issuing a six-year, $200,000 (payable at maturity), 4% note. The market rate of interest for notes of similar risk is 12%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. to 3. Prepare the necessary journal entries for Brant Cargo. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar)