On January 1, 2019, Turing Company sold land to Dirac Company. The land originally cost Turing $800,000. Dirac gave Turing a $1,800,000 zero-interest note payable in three equal annual installments of $600,000 with the first payment due December 31, 2019. There was no established exchange price for this property and Dirac does not have reliable information about the fair value of the property. However, Dirac knows that the prevailing rate of interest for a note of this type is 8%. Required: a) Prepare the journal entry 1, 2019 b) Prepare the three annual journal entries on Dirac's books to account for the three annual payments on 12/31/2019, 12/31/2020, and 12/31/2021. on Dirac's books to record the purchase of the property on January