On January 1, 2016, Lisa Company sold machinery with a book value of $118,000 to Mark Company. Mark signed a $180,000 non-interest-bearing note, payable in three $60,000 annual installments on December 31, 2016, 2017, and 2018. The fair value of the machinery was $149,211.12 on the date of sale. The machinery had been purchased by Lisa at a cost of $160,000. Required: 1. Prepare all the journal entries on Lisas books for January 1, 2016, through December 31, 2018. 2. Prepare the notes receivable portion of Lisas balance sheet on December 31, 2016 and 2017.