Sarasota inc has decided to purchuse equipment from Central industries on january 2.2022, to expand its production capacity to meet customers' demand for its product. Sarasota issues a $1,026,000,5-year, zero-interest-bearing note to Central for the new equipment when the prevaliling market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $205,200 installments due at the end of each year over the life of the note. (a) Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, eg-1.25124 and final answers to 0 decimal places, es. 5.275, Credit account titles are automatically indented when amount is entered, Do not indent manualix. If no entry is requlred. select "No Entry" for the occount tities and enter Ofor the amounts)