By December $31,2023,$ Sheffield Corp. had performed a significant amount of environmental consulting services for Oriole Ltd$.$ Oriole was short of cash $,$ and Sheffield agreed to accept a $ $250,000,$ non $-$ interest $-$ bearing note due December $31,2025,$ as payment in full $.$ Oriole is a bit of a credit risk and typically borrows funds at a rate of $12\%.$ Sheffield is much more creditworthy and has various lines of credit at $9\%.$ Sheffield reports under IFRS $.$ The tables in this problem are to be used as a reference for this problem $.$ Click here to view the factor table PRESENT VALUE OF $1$ Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.($ a $)$ Prepare the journal entry to record the transaction on December $31,2023,$ for Sheffield $.($ For calculation purposes $,$ use $5$ decimal places as displayed in the factor table provided $.$ 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 $.$ Round answers to decimal places $,$ e$.$g$.8,971.)$ Account Titles and Explanation Debit Credit