Dharma, a public company, sold a piece of equipment at the beginning of Year 1, receiving a $18,000, 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 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 Record the receipt of interest and Note receivable. Journal entry worksheet Record the interest revenue at the end of Year 1. Note: Enter debits before credits. General Journal Debit Credit Transaction 2. Record entry Clear entry View general journal View transaction list Journal entry worksheet