On December 31, 2011, Debenham Corporation sold for $15,000 an old machine having an original cost of $84,000 and a book value of $9,000. The terms of the sale were as follows: $3,000 down payment, $6,000 payable on December 31 of the next two years. The sales agreement made no mention of interest; however, 10% would be a fair rate for this type of transaction. Give the journal entries on Debenham’s books to record the sale of the machine and receipt of the two subsequent payments. (Round to the nearest dollar.)