On September 1, 2017, Splish sold one of its storage units designed to be safe for hazardous materials to a manufacturer. Store-11 accepted a 4-year, zero-interest-bearing note with face amount of $88,929. The storage unit has an inventory cost of $34,000. An interest rate of 9% is an appropriate market rate of interest for this customer. Prepare the journal entries on September 1, 2017, and December 31, 2017