Question 6 (Notes Transactions at Unrealistic Interest Rates: 10 marks) On July 1, 2022, Rosy plc made two sales. 1. It sold land having a fair value of 900,000 in exchange for a 4-year, zero- interest-bearing promissory note in the face amount of 1,416,163. The land is carried on Rosy's books at a cost of 590,000. 2. It rendered services in exchange for a 3%, 8-year promissory note having a face value of 400,000 (interest payable annually). Rosy recently had to pay 8% interest for money that it borrowed from the Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% interest. Required: (10 marks) Record the two journal entries by Rosy plc for the sales transactions on July 1, 2022. (Present Value Tables are provided below)