On March $1,2025,$ Sandhill Company sold goods to Blossom Inc. for $$714,000$ in exchange for a $5-$year, zero$-$interest$-$bearing note in the face amount of $$1,203,132($an imputed rate of $11\%).$ The goods have an inventory cost on Sandhill's books of $$439,000.$

$($a$1)$

Prepare the journal entries for Sandhill 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 $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

March $1,2025$

$($To record sales$)$

March $1,2025$

$($To record cost of goods sold$)$