Sunland Corporation issued a 4-year, $64,000, zero-interest-bearing note to Garcia Company on January 1, 2017, and received cash of $64,000. In addition, Sunland agreed to sell merchandise to Garda at an amountless than regular selling price over the 4-year period. The market rate of interest for sirlar notes is 15% Prepare Sunland Corporation's January 1 journal entry. (Round present value factor calculations to decimal places, e.g. 1.25124 and final answer to decimal places, .g.38,548. I no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation January 1, 2017 cash Discount on Notes Payable Notes Payable Unearned Sales Revenue