( Notely Notes: All note payments include interest Stated rate of interest - Market rate of interest for all notes except Non-interest bearing notes Transaction: Note 3: Date 12/31/19 Sold Equipment that has an cost of $475,000; and accumulated depreciation of $225,000 The company received in exchange a down payment of $80,000 and a Note for $250,000 to be paid 12/31/22 The stated rate of interest for the note is 6% Requirement A: Record the original transaction, for the seller. Record the transactions through 12/31/22 Date Description DR CR 12/31/19 cash NY 80,000 1250,ooo 1225.000 1475.000 80 oud ennet ban Date Description DR CR 12/31/20 250ood