On January 1 of the current year, Macey Corporation sold a patent. Macey Corporation originally paid $50,000 for the patent, which now has a book value of $9,000. The terms of sale included cash payments as follows. 1. $5,000 down payment. 2. $5,000 per year, payable on December 31 of each of the next two years. The sale agreement did not specify any interest; however, 10% would be a reasonable rate for this type of transaction. Required Record the sale of the patent for Macey Corporation. Note: Round your final answers to the nearest whole dollar. Note: List debits and credits in alphabetical order based upon the account name. Account Name Dr. Cr. 50,000 5,000