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Question 2 2 pts OP Co sold and with a fair value of $100.835 to MK Co. on 01/01/X1. accepting a $138.000. Byear, non interest-bearing

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Question 2 2 pts OP Co sold and with a fair value of $100.835 to MK Co. on 01/01/X1. accepting a $138.000. Byear, non interest-bearing note. The effective rate of interest was 4%. The land originally cost OP $120.000 Round all dollar amounts to the nearest whole dotter throughout calculations, as well as the final dollar amount. 01/01/X1: What is the amount of discount on the note? (Do not include any words or signs in your answer enter number only . 01/01/X1: Does OP have a gain on the sale of the land or a loss on the sale of the land or neither? Type one word as your answer type the word "gain or the word "loss or the word "neither. Do not include any amounts. Do not include quotation marks) 01/01/X1: What is the amount of QP's gain or loss on the sale of land? Do not include any words or signs in your answer enter number only. If zero, enter"0

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