On September 1, 20x8, Rita Company sold equipment for $30,000 by receiving a 3-year notes receivable with a face value of $30,000 due on September 1, 20x11. The going rate of interest for this level of risk was 8%. The company has a December 31 year end. Required (a) Calculate the amount that can be recorded as revenue under the following assumptions: (0) A 2% interest-bearing note. Interest on the face value of the note is due each September 1. (ii) A non-interest-bearing note. (b) Record all journal entries for part (a) (i) from September 1, 20x8 to September 1, 20x9. Do not prepare journal entries for part (a)(ii)