On 12-31-14, J sold some inventory to T. J accepted from T a $400,000, 4% note receivable. J will collect interest on the note every 12-31 starting 12-31-15. J will collect the note principle in full on 12-31-16. Under normal circumstances, J earns 5% on its funds. The cost of the inventory sold was $100,000. Prepare the entries J should make on 12-31-14, 12-31-15, and 12-31- 16.