2. Light Corporation purchased two new delivery vans for $85,000 on December 31, 2019. Light Corp paid $10,000 and signed a $75,000, 5-year, 12% note for the balance. The note is to be paid off in 5 annual payments beginning December 31, 2020. Assume the installments are to consist of equal amounts of principal plus accrued interest. REQUIRED: Prepare the journal entries to record the purchase and the second instalment on December 31, 2020.