On January 1, 2020, Allen Corp. issued a 3-year, zero-interest-bearing note payable for \(\$ 10,000\) to Town Corp. for a cash receipt of \(\$ 10,000\). In lieu of interest payments, Allen Corp. agreed to sell merchandise to Town Corp. at a discount and provide free shipping during the 3 -year period. The appropriate market rate for this transaction is \(8 \%\). Record the journal entry for Allen Corp. upon issuance of the note payable.