On January $1,2022,$ Springtime Company sold land to Wintergone Company, accepting a $ $160,000,2-$year non$-$interest bearing, note due January $1,2024.$ The fair value of the land was $ $124,000$ on the date of sale. The company purchased the land for $ $119,000$ on January $1,2014.$

Required: Prepare all journal entries on Springtime's books for January $1,2022$ through January $2024.$ These entries include the sale of the land, interest income for $2022$ and $2023,$ and the payment at maturity.