On March 1, 2025, Sheridan Company sold goods to Carla Vista Inc. for $714,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,203,132 (an imputed rate of 11%). The goods have an inventory cost on Sheridan's books of $424,000.

On March 1,2025, Sheridan Company sold goods to Carla Vista Inc, for $714,000 in exchange for a 5 -year, zero-interest-bearing note in the face amount of $1,203,132 (an imputed rate of 11% ). The goods have an inventory cost on Sheridan's books of $424,000