DEvin development co sold a building to Timex Co. as a restaurant site on Jan 1,2009.Devin accepted in exchange a five-year note having a maturity value of $100,000 and no stated interest rate. The building originally cost Devin $80,000 and had correctly recorded accumulated depreciation of $10,000 as of the date on the sale.The building had a fair market value of $78,353 on the date of sale. 1.Based on the above information prepare the journal entry to record the sale of the building on Jan1, 2009 2. Prepare any journal entries (if necessary)that would be required related to the Note Receivable at the end of 2009,2010,2011, and 2012 3.Assume that $100,000 is received from Timex co on 12/31/2013.prepare all necessary journal entries for 2013