Question 4 5 pts Company ABS sold imaging equipment to Novant Health on June 1, 2018 in exchange for a zero-interest bearing note with a face value of $110,000, with payment due in 12 months. The fair value of the equipment on the date of sale was $100,000. The amount of revenue to be recognized on this transaction in 2018 is O c. $100,000 O d. $100,000 sales revenue and $5,833 interest revenue. O b. $10,000 O a. $110,000 Question 5 5 pts A local interior designer business has contracted to have two wheelchair ramps built by DAS Manufacturing for a total of $370,000. The contract specifies that payment will only occur after both ranmps have been transferred to the designer company. DAS determines that the standalone prices are $200,000 for Product 1 and $170,000 for Product 2. On August 1, when Product 1 has been transferred, Taylor's journal entry to record this event includes a O a. debit to Accounts Receivable for $200,000. O d. debit to Contract Assets for $200,000. O c. debit to Contract Assets for $170,000. O b. debit to Accounts Receivable for $170,000