By December 31, 2017, Blue Spruce Corp. had performed a significant amount of environmental consulting services for Crane Company. Crane Company was short of cash, and Blue Spruce Corp. agreed to accept a $190,500, non- interest-bearing note due December 31, 2019, as payment in full. Crane Company is a bit of a credit risk and typically borrows funds at a rate of 15%. Blue Spruce Corp. is much more creditworthy and has various lines of credit at 896. Blue Spruce Corp. reports under IFRS. The tables in this problem are to be used as a reference for this problem. Click here to view the factor table present value of 1 Click here to view the factor table present value of an annuity of 1 Prepare the journal entry to record the transaction on December 31, 2017, for Blue Spruce Corp. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Receivable 144045 144045 Assuming Blue Spruce Corp.'s fiscal year end is December 31, prepare the journal entry required at December 31, 2018. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Notes Receivable Debit Credit income 21607 Assuming Blue Spruce Corp.'s fiscal year end is December 31, prepare the journal entry required at December 31, 2019. (Round answers to 0 decimal places, e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit 190500 income To record interest) To record notes)