please help me answering all of these questions. thank you so much

Current Attempt in Progress 1. On January 1, 2020, Marin Company makes the two following acquisitions. Purchases land having a fair value of $220,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $346,174 Purchases equipment by issuing a 6%, 8-year promissory note having a maturity value of $410,000 (interest payable annually). 2. The company has to pay 12% interest for funds from its bank. (a) Record the two journal entries that should be recorded by Marin Company for the two purchases on January 1, 2020. (6) Record the interest at the end of the first year on both notes using the effective-interest method. required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. Date (a) January 1, 1. 2020 Land 220000 220000 126174 Discount on Notes Payable Notes Payable 346174 2 January 1 2020 Equipment Discount on Notes Payable Notes Payable (b) 1 December 31, 2020 Interest Expense Discount on Notes Payable 2 December 31, 2020 Interest Expense Cash Discount on Notes Payable