Company A receives loan from a shareholder on October 2 2019 with the following conditions:

-Principal 42.778$

-Maturity date : June 2 2021

-Fixed Interest rate : 2% annual over total principal

-Variable interest rate: Depending on company A sales:

If sales are between 0-100.000$ Rate % 1.5

if sales between 101.000-250.000$ Rate 3%

If sales greater than 250.000$ rate 5%

-Repayment conditions : Principal + interests paid at maturity date.

Company A sales have been of 127.452$ in 2019, 78.398$ in 2020 and 159.945$ Until May 31 2021.

Record all aplicable journal entries.