Concord Inc. bought an internet domain name by issuing a $$258,000,6-$year, non$-$interest$-$bearing note to Ti$-$Mine Corp. with aneffective yield of $10\%.$ The note is repayable in $6$ annual payments of $$43,000$ made at the end of each year.Click here to view Table A$\mathrm{.}4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$Prepare the journal entry to record the purchase of the intangible asset. $($Round factor values to $5$ decimal places, eg$.1\mathrm{.}25124$ and finalanswer to $0$ decimal places, e$.$g$.5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. Ifno entry is required, select $"$No entry" for the account titles and enter O for the amounts. List debit entry before credit entry,$)$Account Titles and ExplanationDebitCredit