On December 31, 2017, Sunland Co. sold equipment to Splish Brothers, Inc. Sunland Co. agreed to accept a $ 560,000 zero-interest-bearing note due December 31, 2019, as payment in full. Splish Brothers, Inc. incorporated in 2017 and had very little credit history at the time of the transaction with Sunland. Therefore, at that time, Splish Brothers typically borrowed funds at a rate of 10%. Sunland has a long and positive credit history. Therefore, Sunland has various lines of credit at 5%. (a) - Your answer is partially correct. Prepare the journal entry to record the transaction of December 31, 2017, for Sunland 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 O for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124.) Account Titles and Explanation Debit Credit Notes Receivable $560,000 Discount on Notes Receivable $97,190.08 Sales Revenue $462,809.92