Return to 6 2.25 Doints At January 1, 2021. Brant Cargo acquired equipment by issuing a four year, $175,000 (puyable at maturity), 6% note. The market rate of interest for notes of similar risk is 12% FV of $1. PV of S1. EVA of $1. PVA of S1, FVAD of St and PVAD E $1 (Use appropriate factor(s) from the tables provided.) Required: 1. to 3. Prepare the necessary journal entries for Brant Cargo. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar) No 1 Doble Answer is complete but not entirely correct. that General Journal January 01 2021 Equipment 118,108 Discount on notes payable 31.92 Notes payable Credit 150,000 OOOOO 2 14 1733 December 31, 202 Incest pense Discount on notes payable Cash 6.673 7500 3 December 31, 202 Intense Discount on not payable 14574 OOO 7474 7500