Question 2 Incomplete answer Marked out of 6.67 Flag question Recording Entries for the Discounting of a Note Receivable Aerobic Sports Company completed the following 2020 transactions related to a note receivable. Prepare the journal entries, including any interest earned, that Aerobic Sports Company should make on February 1, 2020, and March 1, 2020. Note: Round your answers to the nearest whole dollar. a. February 1, 2020-Received a $480 000, 8%, interest-bearing, six-month note from Temple Company for land that had a carrying value of $144,000. Date Account Name Cr. Feb. 1, 2020 Dr. 0 0 0 0 Land 0 b. March 1, 2020Discounted the note to Local Bank at a 10% interest rate. Assume the discounting qualifies as a sale. Date Account Name Dr. Cr. March 1, 2020 0 0 0 0 To record interest on note March 1, 2020 Cash 0 0 0 0 0 0 0 480,000 To record discounting of note Please answer all parts of the