CONTECT Answer Headland Corporation issued a 5-year, $82,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $48,663. The implicit interest rate is 11%. Prepare Headland's journal entries for (a) the January 1 issuance and (b) the December 31 recognition of interest.'(Round answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date' Account Titles and Explanation Debit O Cred (a) (b)