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Question 17 Crane Company loaned $70,083 to Hemingway, Inc, accepting Hemingway's 2-year, $84,800,zero interest bearing note. The implied interest rate is 10%. Prepare Crane's Journal entries for the initial transaction, recognition of interest each year, and the collection of $84.800 at maturity. (Credit account titles are automatically indented when the amount is entered Do not indent manually.) Account Tries and Explanation Debit Credit (To record the receipt of the note at a discount) (To record the interest rate at the end of 1st year) (Turcord the Interest revenue at the end of 2nd year)