On March 1, 2018, Sun Devil Inc. sold goods to Bruins Company by accepting a 5-year, zero-interest-bearing note in the face amount of $1,062,939 with an imputed interest rate of 10%. Principal and interest are due at maturity. The goods have an inventory cost on Sun Devil's books of $400,000.

a. Determine how much Sales Revenue Sun Devil should record on March 1, 2018: $________________

PV of $1 (10%, 5n) = .62092

PVOA of $ (10%, 5n) = 3.79079

b. Using the information presented in #10 above, determine how much Interest Revenue will be recognized as of December 31, 2018: $_________________________