Check my work Dharma, a public company, sold a piece of equipment at the beginning of Year 1, receiving a $23,000, two-year 1% note. Interest is paid at the end of each year. Market interest rates are assumed to be 10%. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the present value of the note receivable. (Round time value factor to 5 decimal places. Round Intermediate and final answer to the nearest whole dollar amount.) Present value $ 19,407 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 field. Round time value factor to 5 decimal places. Round Intermediate and final answer to the nearest whole dollar amount.) View transaction list Journal entry worksheet