The January 1, Year 1 trial balance for the Collins Company is found on the trial balance tab. The beginning balances are assumed. Parker Company entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1

April 20	Purchased $52,250 of merchandise on credit from Lewis, terms n/30.
May 19	Replaced the April 20 account payable to Lewis with a 90-day, 12%, $39,000 note payable along with paying $13,250 in cash.
July 8	Borrowed $117,000 cash from NYR Bank by signing a 120-day, 9%, $117,000 note payable.
August 17	Paid the amount due on the note to Lewis at the maturity date.
November 5	Paid the amount due on the note to NYR Bank at the maturity date.
November 28	Borrowed $75,000 cash from Fargo Bank by signing a 60-day, 8%, $75,000 note payable.
December 31	Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year 2

January 27	Paid the amount due on the note to Fargo Bank at the maturity date.

Prepare the January 27, Year 2 journal entry to record the payment of the Fargo note at maturity. Collins Company does NOT prepare reversing entries.