Walmart acquires a tract of lanbd on January 1, 2010, for $100,000 cash. On December 31, 2010, the current market value of the land is $150,000. Walmart has accounted for the value of the land at acquisition cost and sells the land on December 31, 2011, for a two-year note receivable with a present value of $180,000. The note bears interest rate 8 percent and requires cash payments of $100,939 on December 31, 2012 and 2013. the interest rate will not change until the note receivable is collected.