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On March 1 , 2 0 2 5 , Ivanhoe Company sold goods to Pharoah Inc. for $ 6 7 2 , 0 0 0

On March 1,2025, Ivanhoe Company sold goods to Pharoah Inc. for $672,000 in exchange for a 5-year, zero-interest-bearing note in
the face amount of $1,132,359(an imputed rate of 11%). The goods have an inventory cost on Ivanhoe's books of $362,000.Prepare the journal entries for Ivanhoe on December 31,2025.(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. List debit entry
before credit entry.)
c.31,2025
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