$($b$)$ On January $1,2025,$ Blue Furniture borrowed $$5,900,000($face value$)$ from Sinise Co$.,$ a major customer, through a zero$-$interest$-$

bearing note due in $4$ years. Because the note was zero$-$interest$-$bearing, Blue Furniture agreed to sell furniture to this customer at

lower than market price. A $9\%$ rate of interest is normally charged on this type of loan.

Prepare the journal entry to record this transaction. $($Round intermediate calculation to $5$ decimal places, e$.$g$.0\mathrm{.}23451$ answers to $0$ decimal

places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$