Question 1 On December 31, 2015, Splish Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Splish Co. agreed to accept a $324,900 zero-interest-bearing note due December 31, 2017, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 11%. Splish is much more creditworthy and has various lines of credit at 6%. Prepare the journal entry to record the transaction of December 31, 2015, for the Splish Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275. If Date Account Titles and Explanation Debit Credit Dec. 31, 2015 Assuming Splish Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2016. (Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) for the account tities and Date Account Titles and Explanation Debit Credit Dac. 31, 2016 Assuming Splish Co.s fiscal year-end is December 31, prepare the journal entry for December 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Datc Account Titles and Explanation Debit Credit Dec. 31, 2017 (To record interest revenue) (To record collection of note)