On January 1, 2022, Thiaville Trucks sold five trucks to Krueger Transport Co. In exchange for the trucks, Thiaville received a note requiring payment of $515,000 by Krueger on December 31, 2024. The effective rate of interest on the note is 8%. 1. Determine the sales revenue Thiaville Trucks would recognize. SHOW YOUR LABELLED WORK. 2. Write the journal entry to record the sale. 3. Prepare an amortization table for Thiaville. 4. Write any entries necessary on December 31, 2023. 5. Why was all this necessary? Why can't Thiaville just record the sales revenue at $515,000? 6. If Thiaville demanded regular payments from Krueger, what would happen to the interest rate? WHY?