Question 9 (3 points) On December 31, 2020, Flint Corporation sold a machine for $120,000 and received a zero-interest note in which it will receive $60,000 on December 31 of each of the next two years. The agreement of sale made no mention of interest: however, 9% is an appropriate rate for this transaction. How much should Flint record as sales revenue? * Present value of 1 at 9% for 1 period 0.91743 Present value of 1 at 9% for 2 periods 0.84168 0.91743 Present value of an ordinary annuity of 1 at 9% for 1 period Present value of an ordinary annuity of 1 at 9% for 2 periods 1.75911 a) $120,000. b) $55,046. c) $105,547 d) $101,002 MacBook Pro --- * @ A 2 # 3 Ath 4 XLO 5 6 & 7 00* 8 9 W E R T T Y U s D F G H J K X V B. M