! (b) On January 1, 2022. Ayayai Furniture Co. borrowed $5,900,000 (face value) from Aurora Co., a major customer, through a zero- interest-bearing note due in 4 years. Because the note was zero-interest-bearing. Ayayai Furniture agreed to sell furniture to this customer at lower than market price. A 10% rate of interest is normally charged on this type of loan Prepare the journal entry to record this transaction. (Round present value factor calculations to 5 decimal places, es. 1.25124 and final answers to decimal places, eg. 38,548. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Cash Discount on Bonds Payable Notes Payable Determine the amount of interest expense to report for 2022. (Round answer to decimal places es. 58,971) Interest expense to be reported for 2022 $ eTextbook and Media List of Accounts Saw for Later sing multiple attempts will impact your score score reduction after attempt 1 Attempts: 0 of 2 used Submit