On december 31, 2020, cullumber co. performed environmental consulting services for hayduke co. hayduke was short of cash, and cullumber co. agreed to accept a $298,600 zero-interest-bearing note due december 31, 2022, as payment in full. hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. cullumber is much more creditworthy and has various lines of credit at 6%.1) prepare the journal entry to record the transaction of december 31, 2020, for the cullumber co.2) assuming cullumber co.’s fiscal year-end is december 31, prepare the journal entry for december 31, 2021.3) assuming cullumber co.’s fiscal year-end is december 31, prepare the journal entry for december 31, 2022.