please explain. Unsure of how to solve for problem (B)

On December 31, 2025, Concord Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Concord Co. agreed to accept a $254,300 zero-interest-bearing note due December 31,2027 , as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 12%. Concord is much more creditworthy and has various lines of credit at 7%. Prepare the journal entry to record the transaction of December 31,2025, for the Concord Co. (Round present value foctor calculations to 5 decimal places, eg. 1.25124 and final onswers to 0 decimal ploces, eg. 5.275. If no entry is required, select "No Entry" for the occount titles and enter O for the amounis. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Assuming Concord Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2026. (Round answers to 0 decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)