On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a 5% interest-bearing note requiring payments of $80,000 annually for 3 years. The first note payment is to be made on December 31, 2014. The prevailing rate of interest for a note of this type on January 1, 2014, was 5%.Record the 1/1/14 transaction for Fishbone Corporation and all necessary entries from 2014-2016.Record the 1/1/14 transaction for Lost Company and all necessary entries from 2014-2016.