On January 1, 2020, Jet Air Inc. contracted with Systems Plus Inc. to manufacture heavy equipment. Jet Air Inc. issued a $67,500 note to Systems Plus Inc. in exchange for the equipment that required 5% interest payments annually over 3 years on December 31 of each year. Although the fair value of the customized heavy equipment was not reasonably determinable, it was determined that 10% was a reasonable rate of interest for such a transaction. Provide journal entries to be made by Jet Air Inc. at each of the following dates. . Note: Round your answer to the nearest whole dollar. a. January 1, 2020-Date of note issuance. Account Name Debit Credit Date Jan. 1. 2020 0 0 0 0 0 0 To record note issuance. b. December 31, 2020-Date of interest payment. Account Name Debit Credit Date Dec 31, 2020 0 0 0 0 0 To record interest payment. c. December 31, 2021-Date of interest payment. Account Name Debit Credit Date Dec 31, 2021 0 0 0 To record interest payment. d. December 31, 2022-Date of interest payment. Account Name Debit Credit Date Dec. 31. 2022 0 0 0 0 0 0 To record interest payment. e. December 31, 2022-Date of note payment at maturity. Account Name Debit Credit Date Dec 31, 2022 0 - U 0 To record interest Rayment