Wildhorse Co. follows ASPE. It manufactures sweatshirts for sale to athletic-wear retailers. The following summary information was available for Wildhorse for the year ended December 31, 2022: (a) Part 1 During 2023, Wildhorse had the following transactions: 1. Total sales were $490,000. Of the total sales amount, $250,000 was on a credit basis. 2. On June 30 , a $48,000 account receivable of a major customer was settled, with Wildhorse accepting a $48,000, oneyear, 10% note, with the interest payable at maturity. 2. On June 30 , a $48,000 account receivable of a major customer was settled, with Wildhorse accepting a $48,000, oneyear, 10% note, with the interest payable at maturity. 3. Wildhorse collected $190,000 on accounts receivable during the year. 4. At December 31,2023 , Cash had a balance of $20,000, Inventory had a balance of $80,000, Accounts Payable was $80,000, and Accrued Liabilities was $22,000. Prepare summary journal entries to record the items noted above. (Round answers to 0 decimal places, e.g. 8,971. 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 0 for the amounts. List all debit entries before credit entries.) 3. Cash Accounts Receivable (To record cash received) 4. Interest Receivable Interest Income (To record interest accrued)