On January 1, 2019 Elway Inc. gave a 2-year loan to Sutton Corp. in return for a 2-year note receivable with a face value of 20,000 and a 10% stated interest rate. Interest payments are received semi-annually (6/30 and 12/31) and the note matures on December 31, 2020. The market rate for similar loans is 6%.
	Date	Cash Received	Interest Revenue	Disc/Prem Amortized	Carrying Amount
	1-Jan

Please prepare the necessary journal entries for Elway Inc. in 2019 and 2020.