On January 1, 2025, Blossom Company makes the two following acquisitions. 1. Purchases land having a fair value of $370,000.00 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $561,686. 2. Purchases equipment by issuing a 7%, 8-year promissory note having a maturity value of $550,000.00 (interest payable annually). The company has to pay 11% interest for funds from its bank. ry 1,2025 ber 31,2025 Equipment Discount on Notes Payable Notes Payable Interest Expense Discount on Notes Payable Interest Expense Discount on Notes Payable Cash