Complete the solution below but change the implied interest rate to 3% (NOT 11%), and calculate the agreed upon value of the services. Instructions Assuming Valco Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Arden Farm Equipment Company for the entire term of the note. P7-8 (L04) (Notes Receivable Journal Entries) On December 31, 2020, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 down and agreeing to accept the balance in four equal installments of S20,000 receivable cach December 31. An assumed interest rate of 11% is imputed. Instructions Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates (prepare an amortization schedule) (Assume that the effective-interest method is lised for amortization purposes.) a. December 31, 2020. c. December 31, 2022 e. December 31, 2024. b. December 31, 2021 d. December 31, 2023