Problem 18-08 (Part Level Submission) Presented below are two independent revenue arrangements for Kingbird Company. Respond to the requirements related to each revenue arrangement. Click here to view factor table. (a) Kingbird sells 3D printer systems. Recently, Kingbird provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Kingbird sells Lyle Cartright a 3D system, receiving a $5,400 zero-interest-bearing note on January 1, 2020. The cost of the 3D printer system is $4,320. Kingbird imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1, 2020, and compute the total amount of revenue to be recognized in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to o decimal places e.g. 58,971.) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) Click if you would like to Show Work for this question: Open Show Work