Cramer AG sells idle machinery to Enyart SE on July 1, 2019, for 40,000. Cramer agrees to

Question:

Cramer AG sells idle machinery to Enyart SE on July 1, 2019, for €40,000. Cramer agrees to repurchase this equipment from Enyart on June 30, 2020, for a price of €42,400 (an imputed interest rate of 6%).
Instructions
a. Prepare the journal entry for Cramer for the transfer of the asset to Enyart on July 1, 2019.
b. Prepare any other necessary journal entries for Cramer in 2019.
c. Prepare the journal entry for Cramer when the machinery is repurchased on June 30, 2020.