On fuly 1,2025, Sheridan Inc, made two sales. 1. It soid land having a fair value of $919,890 in exchange for a 4 -year zero-interest-bearing promissory note in the face amount of $1,447,460. The land is carried on Sheridan's books at a cost of $99,700. 2 It rendered senices in exchange for a 3\%, 8-year promissory note havinga face value of $404,320 interest payable annually). Sheridan Inc. recentiy had to pay 8% interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% interest. Record the two journalentries that should be recorded by Sheridan Inc. for the sales transactions above that took place on July 1.2025. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.s. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)