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(b) On January 1, 2025, Wildhorse Furniture borrowed $5,600,000 (face value) from Sinise Co, a major customer, through a zerointerest-bearing note due in 4 years. Because the note was zero-interest-bearing. Wildhorse Furniture agreed to sell furniture to this customer at lower than market price. A 8% rate of interest is normally charged on this type of loan. Prepare the journal entry to record this transaction. (Round intermediate colculation to 5 decimal ploces, es, 0.23451 answers to 0 decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter Ofor the omounts. Credit account titles are automotically indented when the amount is entered. Do not indent manually List all debit entries before credit entries) (b) On January 1, 2025, Wildhorse Furniture borrowed $5,600,000 (face value) from Sinise C0, a major customer, through a zerointerest-bearing note due in 4 years. Because the note was zero-interest-bearing. Wildhorse Furniture agreed to sell furniture to this customer at lower than market price. A 8% rate of interest is normally charged on this type of loan. Prepare the journal entry to record this transaction. (Round intermediate calculation to 5 decimal places, es. 0.23451 answers to 0 decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Determine the amount of interest expense to report for 2025. (Round onswer to 0 decimal ploces, e.s. 38,548.) Interest expense to be reported for 2025 $ eTextbook and Media List of Accounts

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