Question 1 Skysong, Inc. sold used equipment with a cost of $15,300 and a carrying amount of $2,500 to Concord Corporation in exchange for a $4,900, three-year non-interest-bearing note receivable. Although no interest was specified, the market rate for a loan of that risk would be 9% and assume that Skysong follows ASPE. Prepare the entry to record the sale of Skysong's equipment and receipt of the note. (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS