Flounder Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1,2020. The terms of acquisition for each truck are described below. 1. Truck #1 has a list price of $40,350 and is acquired for a cash payment of $37,391. 2. Truck #2 has a list price of $43,040 and is acquired for a down payment of $5,380 cash and a zero-interest-bearing note with a face amount of $37,660. The note is due April 1, 2021. Flounder would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an incremental borrowing rate of 8%. 3. Truck 3 has a list price of $43,040. It is acquired in exchange for a computer system that Flounder carries in inventory. The computer system cost $32,280 and is normally sold by Flounder for $40,888. Flounder uses a perpetual inventory system. 4. Truck 44 has a list price of $37,660. It is acquired in exchange for 900 shares of common stock in Flounder Corporation. The stock has a par value per share of $10 and a market price of $13 per share. Prepare the appropriate journal entries for the above transactions for Flounder Corporation. (Round present value foctors to 5 decimal places, eg. 0.52587 and final answers to 2 decimal ploces, es. 52.75. Credit account tittes ore outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts) No. Account Tities and Explanation 1. Trucks 37391 2. Nores Peroble 3. Trucks 40868 Contot Goodisols 32280 irmentory 3. Trucks 40888 Cost of Goods Sold 32280 Inventory 32280 Sales Revenue 4. Trucks 11700 Common Stock Pald In Cagital in Excess of Par - Common Stock