On January 1, 2019, XYZ Company sold a land to ABC Company, which originally cost $125,000. At the date of the sale, the fair market value of the land is $210,000. ABC Company signed a non-interest bearing note of $307,461 due on December 31, 2022. Required: A. What is the interest rate in the transaction? B. Prepare the required journal entry for XYZ Company on January 1, 2019. Date Accounts Title and Explanation Ref. Debit Credit C. Prepare the amortization schedule for the note. D. Prepare the required journal entry for XYZ Company on December 31, 2019. Date Accounts Title and Explanation Ref. Debit Credit