Bonus Assignment Question 3 of 3 - /20 View Policies Current Attempt in Progress Presented below are two independent revenue arrangements for Flint Company. Respond to the requirements related to each revenue arrangement. Click here to view factor table. Flint sells 3D printer systems. Recently, Flint provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Flint sells Lyle Cartright a 3D system, receiving a $4,000 zero-interest-bearing note on January 1, 2020. The cost of the 3D printer system is $3,200. Flint imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1, 2020, and compute the total amount of revenue to be recognized in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to decimal places e.g. 58,971.) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) e Textbook and Media List of Accounts + Bonus Assignment Question 3 of 3 - /20 E Flint sells 20 nonrefundable $90 gift cards for 3D printer paper on March 1, 2020. The paper has a standalone selling price of $90 (cost $72). The gift cards expiration date is June 30, 2020. Flint estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows. Redemption Total March 31 50 % April 30 80 June 30 85 Prepare the 2020 journal entries related to the gift cards at March 1, March 31, April 30, and June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Date Account Titles and Explanation Debit Credi (To record sales of cards redeemed) (To record cost of goods sold) + Bonus Assignment Question 3 of 3 - /20 III (To record sales of cards redeemed) (To record cost of goods sold) (To record sales of cards redeemed) (To record cost of goods sold) (To record sales of cards not redeemed) e Textbook and Media