On December 31, 2017, Blossom Co. sold equipment to Kingbird, Inc. Blossom Co. agreed to accept a $280,000 zero-interest-bearing note due December 31, 2019, as payment in full. Kingbird, Inc. incorporated in 2017 and had very little credit history at the time of the transaction with Blossom. Therefore, at that time, Kingbird typically borrowed funds at a rate of 8%. Blossom has a long and positive credit history. Therefore, Blossom has various lines of credit at 4%. (a) Prepare the journal entry to record the transaction of December 31, 2017 for Blossom Co. (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 for the amounts. Round present value factor calculations to 5 decimal places, eg 1.25124) Account Titles and Explanation Debit Credit Notes Receivable 280000 Discount on Notes Receivable Sales Revenue