slove

On October 1, 2025, Sunland Equipment Company sold a pecan-harvesting machine to Vakco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $112,000,8% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on October 1: Sunland's financial statements are prepared on a calendar-year basis. Assuming Valco Brothers Farm fulfills ail the terms of the note, prepare the necessary journal entries for Sunland Equipment Company for the entire term of the note. (Recordjoumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts. Credit occount titles are automaticaily indented when the amount is entered, Do not indent manually. List all debit entries before credit entries)