that took place on July 1, 2019 E7.14 (L04) Notes Receivable with Unrealistic Interest Rate) On December 31, 2019, Hurly Co. performed environmental consulting services for Cascade Co. Cascade was short of cash, and Hurly Co. agreed to accept a $300,000 zero-interest-bearing note due December 31, 2021, as pay ment in full. Cascade is somewhat of a credit risk and typically borrows funds at a rate of 10%. Hurly is much more creditworthy and has various lines of credit at 6%. Instructions a. Prepare the journal entry to record the transaction of December 31, 2019, for Hurly Co. b. Assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2020. c. Assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2021