Recording Asset Acquisition through Debt

Teslla Corporation purchased land by signing a note with the seller requiring $$15,000$ immediately and $$42,000$ three years after the purchase. The note is noninterest$-$bearing, but the interest rate for similar land purchases with notes of similar risk is $10\%.$

Note: Round your final answers to the nearest whole dollar.

$\backslash$table$[[$a$.$ Compute the value recorded in the Land account.,$$,0],[$b$.$ Compute the interest the company records for the first year of the note.,$$,0]]$