FD Co. sold land with a fair value of $429,739 to MJ Co. on 01/01/X1, accepting a $700,000, 10-year, zero-interest-bearing note. The land originally cost FD Co. $525,000. (As applicable, round all dollar amounts to the nearest whole dollar throughout your calculations, as well as your final answer dollar amount when asked. Do not include any words or signs in the final answer; enter number only. If zero, enter "0") The following questions are on 01/01/X1: What is the present value of the note? $ What is the amount of discount on the note, if any? $ Does FD Co. have a gain on the sale of land or a loss on the sale of land or neither? Type one word as your answer: type the word "gain" or the word "loss" or the word "neither". (Do not include quotation marks) Indicate the amount of gain or loss on the sale of land, if any. $