Sweet Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2020. The terms of acquisition for each truck are described below. 1 2 3. 4. Truck #1 has a list price of $42.150 and is acquired for a cash payment of $39,059. Truck #2 has a list price of $44,960 and is acquired for a down payment of $5,620 cash and a zero-interest-bearing note with a face amount of $39.340. The note is due April 1, 2021. Sweet would normally have to pay interest at a rate of 10% for such a borrowing, and the dealership has an incremental borrowing rate of 8%. Truck #3 has a list price of $44,960. It is acquired in exchange for a computer system that Sweet carries in inventory. The computer system cost $33,720 and is normally sold by Sweet for $42,712. Sweet uses a perpetual inventory system. Truck #4 has a list price of $39,340. It is acquired in exchange for 900 shares of common stock in Sweet Corporation. The stock has a par value per share of $10 and a market price of $13 per share. Prepare the appropriate journal entries for the above transactions for Sweet Corporation. (Round present value factors to 5 decimal places, es. 0.52587 and final answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Trucks Cash 2. Trucks Discount on Notes Payable Cash Notes Payable 3. Trucks Cost of Goods Sold Inventory Sales Revenue Debit 39059 Credit 39059 5602 39340