Please clearly find the second part, and explain to me, how you find out that,, for both the questions please...

.

Exercise 7-13 On July 1, 2017, Pina Inc. made two sales. 1. It sold land having a fair value of $913,050 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1,386,076. The land is carried on Pina's books at a cost of $592,800. 2. It rendered services in exchange for a 496, 8-year promissory note having a face value of $407,700 (interest payable annually). Pina Inc. recently had to pay 8% interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 11% interest. Record the two journal entries that should be recorded by Pina Inc. for the sales transactions above that took place on July 1, 2017. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Credit 1. July 1, 2017 Notes Receivable 1,386,076 92,800 73026 20250 Land Discount on Notes Receivable Gain on Disposal of Land 2. July 1, 2017 Notes Receivable 407700 Discount on Notes Receivable Service Revenue