OnMarch 2, 2020. Pharosh Company sold goods to Shamrock inc, for $624,000 in exchange for a five-year, zero-interest-bearing note nin the face zonount of $916.86. The goods have an inventory cost on Pharoah's books of $364,000. Alicohore toverwithe factortable PRESENT VALUEOF 1 thisklicrt to view the lactor table PRESENT VALUEOF AN ANNUITY OF 1. is rountinnweris incortect Dezermine the effective interest rate imputed in the note using Excel or a financial calculator. Prepare the journal entry for Pharoah on December 31,2020 , (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. Round answers to 0 decimal ploces, e. .5,275