On January 1, 2022, Nash AG makes the two following acquisitions. 1. Purchases land having a fair value of 330,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of 483,153. 2. Purchases equipment by issuing a 6%, 9-year promissory note having a maturity value of 380,000 (interest payable annually). The company has to pay 10% interest for funds from its bank. (a) Record the two journal entries that should be recorded by Nash AG for the two purchases on January 1, 2022. (b) Record the interest at the end of the first year on both notes