Notes: All note payments include interest Stated rate of interest = Market rate of interest for all notes except Non-interest bearing notes. Transaction: Note 8: Date 12/31/19 Sold Equipment that has an cost of $150,000; The company received in exchange a down payment of $80,000 and a non-interest bearing Note requiring 3 annual payments of $60,000. First payment on the note is due 12/31/20. The market rate of interest for the note is 6%. Requirement A: Record the original transaction, for the seller. Record the transactions through 12/31/22