On January 1, 2021. Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright received a note requiring payment of $519,000 by Elmira on December 31, 2023. The effective interest rate is 6%, (EV of St. PV OLSI EVA of $1. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.): Required: 1. How much sales revenue would Wright recognize on January 1, 2021, for this transaction? 2. Prepare journal entries to record the sale of merchandise on January 1, 2021 (omit any entry that might be required for the cost of the goods sold), the December 31, 2021, interest accrual, the December 31, 2022, interest accrual, and receipt of payment of the note on December 31, 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much sales revenue would Wright recognize on January 1, 2021, for this transaction? (Round your final answer to nearest whole number.). Sales revenue Check my we eBook Pant < 1 2 3 4 References Record the sale of goods on January 1, 2021 in exchange for the long term note. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the interest accrual on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the interest accrual on December 31, 2022. Note: Enter debits before credits. Date December 31, 2022 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 Record the interest revenue in 2023 and collection of the note. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit View general journal Record entry Clear entry