On January 1, 2017, Skysong Co. sells property for which it had paid $707,400 to Sargent Company, receiving in return Sargent's zero-interest-bearing note for $1,000,000 payable in 5 years. What entry would Skysong make to record the sale, assuming that Skysong frequently sells similar items of property for a cash sales price of 651,000? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1