On January 1, 2017, Larkspur inc. borrowed and received $340,000 from a major customer, Blue Spruce Corp. The debt is evidenced by a zero-interest-bearing note due in 4 years. Larkspur, as consideration for the zero-interest-bearing feature of the note, agrees that it will supply inventory to Blue Spruce for the loan period at a below-market price. The appropriate rate at which to impute interest is 10%. (a) Prepare the journal entry to record the initial transaction on January 1, 2017. (Credit account tifles 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.) Prepare the journal entries to record any adjusting entries needed at December 31, 2017. Assume that the sales of Larkspur' product to Blue Spruce occur 29% in year 1,29% in year 2,19\% in year 3, and 23% 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.)