On January $1,2017,$ Chase sold land to Run Company, accepting a $3-$year $$200,000$ non$-$interest$-$bearing note due

January $1,2020.$ The fair value of the land is $$146,238.$ The land was originally purchased for $$136,500$ on January

$1,2012.$ An appropriate rate of interest for a note of this caliber is $11\%.$

Required:

Prepare all the journal entries in Chase's books for the January $1,2017$ through January

$1,2020,$ in regards to the Run note.