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Check my work Dharma, a private company, sold a piece of equipment at the beginning of Year 1, recelving a $26,000, two-year 1 % note. Interest is paid at the end of each year. Market interest rates are assumed to be 10 % . Also, It has elected to use straight-line amortization. (PV of $1. PVA of $1, and PVAD of $1) (Use approprlate factor(s) from the tables provided.) Required: 1. Calculate the present value of the note receivable. (Round time value factor to 5 declmal places. Round Intermediate and final answer to the nearest whole dollar amount.) Present value MOS 2. Prepare entries for the sale, interest revenue, and cash collection each year for two years. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Round time value factor to 5 decimal places. Round integmedlate and final answer to the nearest whole dollar amount.) View transaction list Journal entry worksheet 3 > 1 Record the sale and note receivable Record the sale and note receivable. 1 2. Record the interest revenue at the end of Year 1. Record the receipt of interest and note receivable. 3 Credit Note: journal entry has been entered