You are the accountant for Crop Service Inc. (CSI) and your company has entered into the following note receivable arrangement with Green Farms L.td. (GFL) CSI provides GFL cash of $500,000 and in exchange they sign a 5 year promissory note receivable to pay you annual payments of $100,000 plus interest at 12% per year. The cash is provided and the note is signed on June 1, 2018. CSI's year-end is December 31,2018 and no payments were made as of year-end. The first payment of $100,000 plus interest of $12,000 is paid on May 31, 2019. For any interest amounts, use month's instead of exact days. (For example, instead of 31/365 use 1/12) Requirements: 1 Prepare the journal entry needed to issue the note receivable and year-end entries (if necessary). No descriptions are necessary but use a proper heading. Marks Available: 3 2 Prepare the journal entry needed to record the June 1, 2019 loan payment received. Marks Available: 2 5 marks total