III. Journal entries for zero interest bearing notes-receivable (18 points) Kohl Company loaned $66,116 to Hemingway, Inc, accepting Hemingway's 2-year, $80,000, zero- interest-bearing note. The implied interest rate is 10%. Required: Prepare Kohl's journal entries for the initial transaction, recognition of interest each year, and the collection of $80,000 at maturity