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 $80 000, 8%, interest-bearing, six-month note from Temple Company for land that had a carrying value of $24,000. Date Account Name Dr. Feb. 1, 2020 Land b. March 1, 2020-Discounted the note to Local Bank at a 10% interest rate. Assume the discounting qualifies as a sale. Date Account Name Dr. March 1, 2020 To record interest on note March 1, 2020 Cash 80,000 To record discounting of