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 $525.000 by Elmira on December 31, 2023. The effective interest rate is 8%. (EV of $1. PV of $1. EVA of 31. PVA of $1. FVADA S1 and PVAD of $1) (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: 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 2 View transaction list Journal entry worksheet 1 points 1 2 3 4 eBook Record the sale of goods on January 1, 2021 in exchange for the long term note. Print References Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 points 1 2 3 4 eBook Record the interest accrual on December 31, 2021. Print References Note: Enter debits before credits Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Mc Journal entry worksheet 1 points 1 2 4 eBook Record the interest accrual on December 31, 2022. Print References Note: Enter debits before credits General Journal Debit Date December 31, 2022 Credit Record entry Clear entry View general journal Mc Journal entry worksheet