Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Sheffield Inc. has decided to purchase equipment from Central industries on January 2, 2022, to expand its production capacity to meet customers' demand for its product. Sheffield issues a $1,044,000, 5-year, zero-interest-bearing note to Central for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $208,800 installments due at the end of each year over the life of the