(b) On January 1, 2022, Sandhill Furniture Co. borrowed $6,300,000 (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. Sandhill Furniture agreed to sell furniture to this customer at lower than market price. A 8% 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, es. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 1 Determine the amount of interest expense to report for 2022. (Round answer to decimal places 0.8.58,971.) Interest expense to be reported for 2022 $ e Textbook and Media (b) On January 1, 2022, Sandhill Furniture Co. borrowed $6,300,000 (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. Sandhill Furniture agreed to sell furniture to this customer at lower than market price. A 8% 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, es. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 1 Determine the amount of interest expense to report for 2022. (Round answer to decimal places 0.8.58,971.) Interest expense to be reported for 2022 $ e Textbook and Media