On December 31, 2017, Cullumber Co. sold equipment to Marin, Inc. Cullumber Co. agreed to accept a $520,000 zero-interest-bearing note due December 31, 2019, as payment in full. Marin, Inc. incorporated in 2017 and had very little credit history at the time of the transaction with Cullumber. Therefore, at that time. Marin typically borrowed funds at a rate of 12%. Cullumber has a long and positive credit history. Therefore, Cullumber has various lines of credit at 6%. Your answer is partially correct. Prepare the journal entry to record the transaction of December 31, 2017 for Cullumber 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, e.g. 1.25124.) Account Titles and Explanation Debit Credit Notes Receivable 520000 Discount on Notes Receivable 105459 Service Revenue 414541