Question:Please explain how to answer the following questions. The numbers were changed to avoid violating the honor code

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (2)QUESTIONS:

On March 1, 2018,Sun Devil Inc.sold goods to Bruins Company by accepting a5-year,zero-interest-bearingnote in the face amount of $1,062,939with an imputed interest rate of 10%.Principal and interest are due at maturity.The goods have an inventory cost on Sun Devil's books of $400,000.

(PV of$1(10%,5n)=.62092

PVOA of$(10%,5n)=3.79079)

a. Determine how much Sales Revenue Sun Devil should record on March 1, 2018?

b. How much Interest Revenue will be recognized as of December 31, 2018?