On fuly 1,2025, Blue Inc made two sales. 1. It sold land having a fair value of $912,330 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1,435,565. The land is carried on Blue's books at a cost of $597,200. 2. It rendered services in exchange for a 3%, 8-year promissocy note having a face value of $401,660 (inter est payable annaliy). Blue inc recently had to pay 8% interest for money that itborrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% internst. Record the two joumal entries that should be recorded by Blue lnc. for the sales transactions above that took place on July 1,2025