On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a down payment of $100,000 and a $240,000 5% interestbearing note due on December 31, 2016. The prevailing rate of interest for a note of this type on January 1, 2014, was 5%