On January $1$ of the calendar year, SouthCo issued the three notes described below.

The company purchased a building by issuing a five$-$year instalment note. The note is to be repaid in equal instalments of $$1,300,000$ per year each December $31.$ The current market rate of interest is $11\%.$

The company acquired some equipment with a fair market value of $$579,174$ by issuing a two$-$year, $$600,000$ note. The stated interest on the note is $8\%$ and is payable on December $31.$ The current market rate of interest is $10\%.$

The company issued a five$-$year, $8\%,$$$1,100,000$ note in exchange for a tract of land. The current market rate of interest is $8\%.$ Interest is payable each December $31.$

Prepare the journal entries to record each of the three transactions and the interest expense at the end of the first year for each. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd$/$mmm $($ie$.$ January $15$ would be $15/$Jan$).$

Please make sure your final answer$($s$)$ are accurate to the nearest whole number.