Part A On October 31, 2021, XYZ Corporation sold equipment that cost $450,000 and accumulated depreciation 250,000 to ABC Company (a construction company). The agreement stipulated that ABC would pay $100,000 at the time of purchase and the balance would be note requiring four payments of $40,000 (including interest) annually on October 31. The first note payment is to be made on October 31, 2022. Assuming that a prevailing interest rate of 6% applies to this contract: Prepare the journal entry for XYZ to record sale of the equipment on 10/31/21. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial ' 312pt) . Imkl QUESTION 2 Prepare the journal entry(s) for XYZ for year ended 12/31/22, if any, associated with this sale of the equipment. Forhine toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial 3 (12pt) Path:p Words:0 QUESTION 3 Prepare the entry for the receipt of payment on 10/31/2023 for XYZ if the company does not use reversing entries. Arial 3 (12pt) Path:p Words:0 QUESTION 4 Prepare the journal entry for ABC to record the purchase of the equipment on 10/31/21. Arial 3 (12pt) Path: P Words:0 QUESTION 5 For XYZ Corporation, indicate the dollar amounts associated with the note receivable to be reported as current assets and as long term investments on a classified balance sheet at December 31, 2023. Arial 3 (12pt) Path: P Words:0 QUESTION 6 What is the impact on XYZ Corporations' net income for the year ending 12/31/21 given a 20% tax rate for this transaction? Arial 3 (12pt) Path: P Words:0