Problem 7-07 On October 1, 2020, Pronghorn 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, $169,200, 8% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on October 1. Pronghorn's financial statements are prepared on a calendar-year basis. Assuming Valco Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Pronghorn Equipment Company for the entire term of the note. Assume that reversing entries are not made on January 1, 2021 and January 1, 2022. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 10/1/20 Notes Receivable 169200 Sales Revenue 169200 12/31/20 Interest Receivable 3384 Interest Revenue 3384 10/1/21 | Cash 13536 Interest Receivable 3384 Interest Revenue 10152 12/31/21 Interest Receivable 3384 interest Revenue 3384 10/1/22 - JTCash 182736 interest Receivable 3384 Interest Revenue 10152 (To record the collection of interest) Notes Receivable EX 169200