On January' 1, Kilgore Inc. accepts a $20,000 non interest bearing, 5-year note from Dicland Company for equipment. Neither the fair value of the note nor the equipment is determinable. Kilgore had originally purchased the equipment for $18,000, and the equipment has a book value of $14,000 on January' 1. Kilgore knows Dicland’s incremental borrowing rate of 9%. Prepare the journal entry' for Kilgore to record the sale of the equipment on January' 1.