On Ju, 1, 2025, Biossom inc made two sales. 1. It sold land having a fair value of $903,330 in exchange for a 4 -year zero-interest-bearing promissory notet in the face amount of $1,421,403, The land is carried on Blossom's books at a cost of $595,200. 2. It rendered services in ecchange for a 3%,8-year promissory note having a face value of $402,650 (interest payable anhually). Blossom Inc recently had to pay 8 interest for money that it borrowed from Beitish National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% interest: Record the two journal entries that shouid be recorded by Blossom inc for the saies transactions above that took place on July 1. 2025. (Round present value foctor calculations to 5 decimal ploces, es. 1.25124 and final answers to 0 decinal places, es. 5.275 . If no entry is 2025. 1.July20251NotesRicceivable Land Discount on Notes Recelvable Coin on Diposal of Land July 2. 1 . Notes Receivable 2025 Discounton Notes Receivable Service Revenue