Problem 7-8 (Part Level Submission) On December 31, 2017, Martinez Inc. rendered services to Beghun Corporation at an agreed price of $110,570, accepting $43,900 down and agreeing to accept the balance in four equal installments of $21,950 receivable each December 31. An assumed interest rate of 12% is imputed. Collapse question part (a2) Prepare the entries that would be recorded by Martinez Inc. for the sale on December 31, 2017.