2. On January 1, 20X1, the company received a $10,000 three-year note bearing interest at 10% annually for sales. The annual interest is received at each December 31 . The market interest rate is 12% annually. March 31 is the company's reporting date. The company used the effective interest method to account for this long-term note receivable. Required (11 marks) Note: Don't need to show calculation: (1) Prepare journal entries on January 1, 20X1, March 31, 20X2, and December 31, 20X2 (Note: round to the nearest dollar). (2) How much is this note measured on March 31, 20X2? (Note: round to the nearest dollar)