On December 31, 2020, Crane Inc. rendered services to Beghun Corporation at an agreed price of $124,594, accepting $48,200 down and agreeing to accept the balance in four equal installments of $24,100 receivable each December 31. An assumed interest rate of 10% is imputed. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, e.g. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carrying Amount of Note $ 0 $ 0 $ 0 $ 76,394 24,100 7639 16,461 59,933 24,100 5993 18,107 41,826 24,100 4183 19917 21909 24,100 2191 21909 0 Prepare the entries that would be recorded by Crane Inc. for the sale on December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit