zero-interest-bearing note in the On March 1, 2025, Crane Company sold goods to Ivanhoe Inc. for $594,000 in exchange for a 5-year, face amount of $1,000,925 (an imputed rate of 11%). The goods have an inventory cost on Crane's books of $367,000. (a1) Prepare the journal entries for Crane on March 1, 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date March 1, 2025 Account Titles and Explanation March 1, 2025 (To record sales) (To record cost of goods sold) Debit Credit