On July $1,2025,$ Oriole Inc. made $2$ sales

$1.$ It sold land having a fair value of $$908,350$ in exchange for a $4-$year zero interest bearing promissory note in the face amount of $1429302.$ The land carried on Oriole$$s book at cost of $593,500.$

$2.$ It rendered services in exchange for a $3\%8$ year promissory note having a face value of $403,990.$