Windsor Corporation issued a $5-$year, $$68,000,$ zero$-$interest$-$bearing note to Garcia Company on

January $1,2025,$ and received cash of $$68,000.$ In addition, Windsor agreed to sell merchandise to

Garcia at an amount less than regular selling price over the $5-$year period. The market rate of interest

for similar notes is $12\%.$

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Prepare Windsor Corporation's January $1$ journal entry. $($Round present value factor calculations to $5$

decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select

$"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented

when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$