On July 1.2023, Splish Brothers inc made two sales: 1. It sold excess land in ecchange for a four year, non-interest-bsaring promissory note in the face amount of 51,101,460. The land's carrying value io $550,000. 2 It rendered services in exchange for an efghtyear promissory note havine a face value of $470,000. Intercst at a rate of 456 is payable annually. The customers in the above transactions hove credit ratings that require them to borrow money at 12% interest. Splish Brothers recently had to pay 8% interest for money it borrowed from British Bank. 3. On July 1.2023, Splish Brothers also agreed to accept an irstallinent note from one of its customers in partial settlement of accounts recelvable that were overdue The note calls for four equal payments of $21,200, including the principal and interest due, on the anniversary of the note. The implied interest rate on this note is 108 The tabies in this problem are to be used as a reference for this problem. Click here to view the factor table PRESENT VALUE OF 1. Cick here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1 (a) Prepare the joumal entries to record the three notes receivable trantactions of Splish Brothers on July 1 2023. (For caliculation account oitles and enter O for the amounts. List all debil entries before crnsit entries)