On December 31, 2015, Debenham Corporation sold an old machine for $15,000, 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. (Note: Round to the nearest dollar.)