On January 1, 2023, Hurrah Corporation sold land that originally cost $425,000. Hurrah accepted a long term note from the buyer. The note requires 10 equal payments of $60,000 commencing on December 31,2023 . The interest rate on the note is 7%. a. What is the amount of gain or loss from the sale of the land? b. Prepare the journal entry to record the sale for Hurrah on January 1, 2023. c. Prepare the journal entry to record receipt of the first payment by Hurrah on December 31 , 2023