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%, $750,000 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 $167,045 by issuing a one-year, $175,000 note. The stated interest on the note is 5%.
C.	The company purchased a building by issuing a four-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 10%.

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.)