Analy2t each of the four separate scenarios and answer the requirements. On April 1,2020, Welsch Company sold merchandise to Customer Rodriguez for $18,000, terms 2/10, n/30. Be- Exe ause of nonpayment by Rodriguez, Welsch received an $18,000 10% 12-month note ompany's annual reporting period ends December 31. Customer Rodriguez paid the note in full, plus cash inter-with Shon.am 2/10, n/30. Be- dated May 1, 2020. The Exercise 8-47 Recording and st, on its maturity date. Required Interest-Bearing Note Receivable LOS a. Prepare all entries for Welsch related to the above transactions, including any year-end adjustments. b. Show what should be presented on the 2020 income statement and balance sheet