Skysong sells 3D printer systems. Recently, Skysong provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Skysong sells University co-op a 3D system, receiving a $4,500 zero-interest-bearing note on March 1, 2020. The cost of the 3D printer system is $ 2,700. Skysong imputes a 8% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on March 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to O decimal places, e.g. 58,971.) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) Compute the total amount of revenue to be recognized in 2020. (Round answer to 0 decimal places, e.g. 58,971.) Revenue to be recognized in 2020 $ $ Skysong sells 100 nonrefundable $ 45 gift cards for 3D printer paper on February 28, 2020. The paper has a standalone selling price of $ 45 (cost $ 32). The gift cards expiration date is June 30, 2020. Skysong estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows. Redemption Total March 31 30 % April 30 75 June 30 90 Prepare the 2020 journal entries related to the gift cards at February 28, March 31, April 30, and June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.) Date Account Titles and Explanation Debit Credit