On July 1, 2017. Flounder Equipment Company sold a fishing boat to James Brothers Yatching , loc. In lieu of a cash payment James Brothers Yachting gave Flounder a 3 year, $180,000, 10% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on July 1. Flounder's financial statements are prepared on a calendar year basis. Assuming James Brothers Yatching fulfills all the terms of the note, prepare the necessary journal entries for Flounder Equipment Company for the entire term of the note. Assume that reversing entries are not made on January 1, 2018. January 1, 2019 and January 1, 2020. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit > > 31" a (To record the collection of interest) (To record the collection of the note)