Aerobic Sports Company completed the following transactions related to a note receivable. a. February 1-Received a $320,000,9%, interest-bearing six-month note from Temple Company in return for land that had a carrying value of 596,000 . b. March 1-Discounted the Temple Compary note to Local Bank at a 12% interest rate. Assume the discounting qualifies as a sale. Required a. Prepare the journal entry on February 1 to record the sale of land. b. Prepare the entries on March 1 to (1) record interest earned and (2) record the discounting of the note receivable. - Note: Round your answers to the nearest whole dollar