Respond to the requirements related to each revenue arrangement Click here to view the factoritate PRESENT VALLELE Cook here to view the factor table SESENTYALUE OF AN ANNUITY (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to decimal places. e. 5.275.) your answer is partially correct. Try again Blossom sells 3-D printer systems. Recently, Blossom provided a special promotion of zero-interest financing for two years on any new 3D printer system. Assume that Blossom Lyle Cartright a 3-D system, receiving a $6,000 zero interest bearing note on January 1, 2020. The cost of the 3D printer system is $4,500. Blossom imputes a interest rate on this zero-interest note transaction. Prepare the journal entries to record the sale on January 1, 2020. (Credit account titles are automatically indented when the amounts entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Notes Receivable 6.000 Sales Revenue (To record sales) January 1, 2020 Cost of Goods Sold To record cost Calculate the total amount of revenue to be recognized in 2020 Total revenue for Blossom Blossom selis 20 non-refundable $99 gift cards for 3-D printer plastic on March 1, 2020. The plastic has a stand-alone selling price of $99 (cost $79). The gift card expiration date is June 30, 2020. Blossom estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows Cumulative Redemption Rate to Date March 31 April 30 June 30 85% Prepare the 2020 journal entries related to the gift cards at March 1, March 31. April 30, and June 30. (Credit account titles are automatically Indented when the entered. Do not indent manually. If we entry is required select "No Entry for the accounts and enter for the amounts Recordumalan in the presented the problem.) Debit Credit Date anh l 200 3000 parc. 31, 1930 Account Titles and explanation Canh Uneamed Ravenue Sneamed Rovence Sales Revenge (To record sales revenue) (Cost of Goods Sold 990 1 March 31, 2020 1 I nventory To record of goods sold 120.2020 Tunced Revenue