The Schwarzbach Corporation is a calendar year corporation. On August 1, 2020, it sold $1,125,000 of merchandise to the Martin Corporation. Since Martin did not expect to be able to pay for the goods within the month, so it signed an 8%, 7 month note. Prepare the entries relating to the note that Schwarzbach will need to make on the following dates . August 1, 2020 (date of note) b. December 31, 2020 (end of year) . March 1, 2021 (7 months later date note is due)