On June 1, 2019 Carp Equipment Inc. sold equipment to Minnow Manufacturing. Carp agreed to accept a $260,000, one-year, non-interest bearing note. A realistic market rate for a note of this type is 5%. Carp Equipment Inc. has a December 31 year end and prepares yearly adjusting entries. Required: Prepare all required journal entries for Carp Equipment for the note receivable's term. (Round amounts to the nearest dollar)