On January 1, 2017, Kingbird Inc. borrowed and received $200,000 from a major customer, Ayayai Corp. The debt is evidenced by a zero-interest-bearing note due in 4 years. Kingbird, as consideration for the zero-interest-bearing feature of the note, agrees that it will supply inventory to Ayayai for the loan period at a below-market price. The appropriate rate at which to impute interest is 7%. Prepare the journal entries to record any adjusting entries needed at December 31, 2017. Assume that the sales of Kingbird' product to Ayayai occur 25% in year 1,25% in year 2,15% in year 3, and 35% in year 4 . (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 0 for the amounts.)