On January 1, 2020 Cars L Us sold a fleet of cars to a car rental company accepting a 2%, 5-year note requiring interest payments at the end of each year. Cars L Us received a $25,500.00 down payment and a note with a face value of $331,500.00 in exchange for the cars. The cars had a cost of $280,500. A reasonable borrowing rate of 10% should be used. Prepare the journal entries to record the sale and 2020 and 2021 year end adjusting entries: (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round factor value calculations to 5 decimal places, e.g. 0.52755. Round answers to 2 decimal places, e.g. 52.75.)