Presented below are three independent revenue arrangements for Crane Company. The company follows IFRS. Respond to the requirements related to each revenue arrangement. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places, e.g. 5,275.) Crane sells 3-D printer systems. Recently, Crane provided a special promotion of zero-interest financing for two years on any new 3-D printer system. Assume that Crane sells Lyle Cartright a 3-D system, receiving a $3,800 zero-interest-bearing note on January 1, 2020. The cost of the 3-D printer system is $3,040. Crane imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entries to record the sale on January 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation January 1, 2020 Notes Receivable sales revenue (To record sales) January 1, 2020 Cost of Goods Sold Inventory (To record cost of goods sold) Calculate the total amount of revenue to be recognized in 2020. Total revenue for Crane $