Pls help asap

Brian Halabi is a financial executive with Carla Vista Enterprises. Although Brian has not had any formal training in finance or accounting, he has a good sense for numbers and has helped the company grow from a very small company ( $570,000 in sales) to a large operation ( $51.30 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Brian feels a little over his head. He therefore has decided to hire a new employee with numbers expertise to help him. As a basis for determining whom to employ, he has decided to ask each prospective employee to prepare answers to questions relating to situations he has encountered recently. The following are the facts for the second question asked of prospective employees. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $13,900 per year for nine years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11% (market rate). At the time the land was originally purchased, it cost $83,400. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare the journal entry on the date of the first payment. Ignore any year-end accruals. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 5,275.25. List all debit entries before credit entries.)