At January 1, 2018, Brant Cargo acquired equipment by issuing a four-year, $175,000 (payable at maturity), 6% note. The market rate of interest for notes of similar risk is 12%. (FV of$1, PV of$1. EVA of $1, PVA of$1. EVAD 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. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar) No Date General Journal Debit Credit January 01 2018 Equipment Discount on notes payable Notes payable December 31,Interest expense 2 2018 Discount on notes payable Cash mber 31, Interest expense 2019 Discount on notes payable Cash