By December 31, 2017, Marigold Corp. had performed a significant amount of environmental consulting services for Sunland Company Sunland Company was short of cash, and Marigold Corp. agreed to accept a $206,900, noninterest-bearing note due December 31, 2019, as payment in full. Sunland Company is a bit of a credit risk and typically borrows funds at a rate of 15%. Marigold Corp. is much more creditworthy and has various lines of credit at 9%. Marigold Corp. reports under IFRS. The tables in this problem are to be used as a reference for this problem.

Prepare the journal entry to record the transaction on December 31, 2017, for Marigold 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.)