Metlock, Inc. sold used equipment with a cost of $14,800 and a carrying amount of $2,110 to Bridgeport Corp. in exchange for a $4,500, three-year non-interest-bearing note recelvable. Although no interest was specified, the market rate for a loan of that risk would be 9%. Assume that Met ock follows IFRS. Prepare the entry to record the sale of Metlock's equipment and receipt of the note. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Account Titles and Explanation Debit Credit Prepare the entries to record the recognition of interest each year. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record interest for Year 1) (To record interest for Year 2) (To record interest for Year 3) Prepare the entry to record the collection of the note at maturity. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275 Account Titles and Explanation Debit Credit