PART 3 Notes Receivable Value: 8 points Electra-Tech sells electronics equipment to offshore oil producers. On November 20, 2020, the company sold equipment for $120,000 to Atlantic Petro Inc. (cost was $75,000) and accepted a 120-day, 6% note receivable from Atlantic Petro Inc. Electra-Tech uses a perpetual inventory system and their year-end is December 31. REQUIRED: a) Prepare the necessary journal entries for Electra-Tech to record the sale. b) Prepare the journal entry for Electra-Tech to record interest earned to December 31, 2020. c) Prepare the journal entry for Electra-Tech to record the collection of the total amount owed at the end of the 120 days