At the beginning of the year, Lambert Motors issued the three notes described below. Interest is paid at year-end. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) A. The company issued a two-year, 10%, $610,000 note in exchange for a tract of land. The current market rate of interest is 10%. B. Lambert acquired some office equipment with a fair value of $100,227 by issuing a one-year, $105,000 note. The stated interest on the note is 5%. C. The company purchased a building by issuing a three-year installment note. The note is to be repaid in equal installments of $1 million per year beginning one year hence. The current market rate of interest is 8%. Required: Prepare the journal entries to record each of the three transactions and the interest expense at the end of the first year for each. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollar.)

Record the purchase of land in Situation A.

Record the interest expense at year end for Situation A.

Record the purchase of office equipment in Situation B.

Record the interest expense at year end for Situation B.

Record the purchase of the building in Situation C.

Record the interest expense at year end for Situation C.