On December 31, 2020, Ivanhoe Inc. rendered services to Beghun Corporation at an agreed price of $118,390, accepting $45,800 down and agreeing to accept the balance in four equal installments of $22,900 receivable each December 31. An assumed Interest rate of 10% is imputed. Prepare the entries that would be recorded by Ivanhoe Inc for the sale on December 31, 2020. (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 45800 Notes Receivable Discount on Notes Receivable Service Revenue 118390