By December 31, 2023, Grouper Corp. had performed a significant amount of environmental consulting services for Sheridan Ltd. Sheridan was short of cash, and Grouper agreed to accept a $225,500, noninterest-bearing note due December 31, 2025, as payment in full. Sheridan is a bit of a credit risk and typically borrows funds at a rate of 15%. Grouper is much more creditworthy and has various lines of credit at 8%. Grouper reports under IFRS. The tables in this problem are to be used as a reference for this problem. prepare journal entry for December 31, 2023