The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2021. Interstate's fiscal year ends on December 31. Required: Prepare the appropriate journal entries for these transactions. 1. On December 15, received $9,000 from Bradley Farms toward the sale by Interstate of a $117,000 tractor to be delivered to Bradley on January 6, 2022. 2. During December, received $31,000 of refundable deposits relating to containers used to transport equipment parts. 3. During December, credit sales totaled $874,000. The state sales tax rate is 5% and the local sales tax rate is 2%. (This is a summary Journal entry for the many individual sales transactions for the period.) (For all requirements, If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)