ssignment #5: Chapter 6 Gradebook 13.35/ Question 7 View Policies Show Attempt History Current Attempt in Progress On March 1, 2020, Carla Vista Company sold goods to Tamarisk Inc. for $654.000 in exchange for a five-year, zero-interest- bearing note in the face amount of $1.053.274. The goods have an inventory cost on Carla Vista's books of $406.000. 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. Your answer is correct. Determine the effective interest rate imputed in the note using Excel or a financial calculator List of Accounts - Your answer is partially correct. Prepare the journal entry for Carla Vista on December 31, 2020. (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 for the amounts. Round answers to decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation December 339274 31. 2020 Notes Receivable Interest Income eTextbook and Media List of Accounts Attempts: unlimited Save for Later Submit Answer Send to Gradebook