By December 31, 2023, Martinez Corp. had performed a significant amount of environmental consulting services for Carla Vista Ltd. Carla Vista was short of cash, and Martinez agreed to accept a $213,000, non-interest-bearing note due December 31, 2025, as payment in full. Carla Vista is a bit of a credit risk and typically borrows funds at a rate of 15\%. Martinez is much more creditworthy and has various lines of credit at 8%. Martinez 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. (a) Prepare the journal entry to record the transaction on December 31, 2023, for Martinez. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Credit account titles are automatically indented when the 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. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 58,971.)