On January 1, 2025, Shetland Company loans $252,510 to Durham Corporation in exchange for a $300,000 zero-interest-bearing note payable in 2 years. The market rate of interest for a transaction of this nature for Durham is 9%. The present value of 1, 2 years out at 9% is 0.8417. Shetland Company has a calendar year-end and it uses the effective-interest method. (a) Prepare journal entries on 1/1/25 to recognize the loan for Shetland Company (b) Prepare the journal entry to recognize interest on 12/31/25 for Shetland Company. (c) Prepare the journal entry to recognize interest on 12/31/26 for Shetland Company. (d) Prepare the journal entry to recognize receipt of payment of the note on 01/01/2027 for Shetland Company.