On 1/1/XO Thorium sells land to Fission. The land has a book value of $1,000,000 and a fair value of $1,200,000. Fission gives Thorium a $1.452,000 two-year note with no stated interest rate. The implicit interest rate for this note is 10%. Record journal entries on Thorium's books for each of the following: 1. The original sale on 1/1/XO. 2. The interest accrual on 12/31/XO assuming that Thorium prepares financial statements annually. 3. The interest accrual on 12/31/X1. 4. The payoff of the note on 1/1/X2. Date Debit Credit