Brenda receives $220,000 from Sandra as payment for goods that have a fair value of $190,000. The $220,000 constitutes full payment for the goods as specified in the sales contract. Assume that the time value of money is viewed as significant for this contract Required: (a) Did Sandra pay Brenda before or after delivery of the goods? (b) Prepare the journal entry Brenda would make to record delivery of the goods, assuming no interest revenue or interest expense had been recorded previously (c) Prepare the journal entry Brenda would make to record receipt of Sandra's payment, assuming no interest revenue or interest expense had been recorded previously Rega Reqb and Did Sandra pay Brenda before or after delivery of the goods? Sandra ad Brenda of the goods Roq bande Prepare the journal entry Brenda would make to record delivery of the goods and to record receipt of Sandra's payment, assuming no interest revenue or interest expense had been recorded previously. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field.) View transaction list Journal entry worksheet To record the delivery of the goods. Note: Enter debits before credits General Journal Dobit Credit Transaction 1 Record entry Clear entry View general Journal To record the Sandra's payment. Note: Enter debits before credits, General Journal Debit Credit Transaction 2 Record entry Clear entry View general Journal