On October 1, 2014, Arden Farm Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $153,000, 10% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on October 1. Ardens financial statements are prepared on a calendar-year basis. Use the attached image as a guideline for the answer.