On January 1, 2017. Kingbird Inc borrowed and received $330.000 from a major customer, Pina Colada Corp. The debt is evidenced by a zero-interest-bearing note due in 4 years Kingbird, as consideration for the zero interest-bearing feature of the note, agrees that it will supply inventory to Pina Colada for the loan period ata below-market price. The appropriate rate at which to impute interest is 11% On January 1, 2017. Kingbird Inc borrowed and received $330.000 from a major customer, Pina Colada Corp. The debt is evidenced by a zero-interest-bearing note due in 4 years Kingbird, as consideration for the zero interest-bearing feature of the note, agrees that it will supply inventory to Pina Colada for the loan period ata below-market price. The appropriate rate at which to impute interest is 11%