On July $1,2023,$ Larkspur Inc. made two sales:$1.$ It sold excess land in exchange for a four$-$year, non$-$interest$-$bearing promissory note in the face amount of $$1,115,650.$ The land's carrying value is $$640,000.$It rendered services in exchange for an eight$-$year promissory note having a face value of $$400,000.$ Interest at a rate of $4\%$ is payable annually.:The customers in the above transactions have credit ratings that require them to borrow money at $10\%$ interest.Larkspur recently had to pay $6\%$ interest for money it borrowed from British BankOn July $1,2023,$ Larkspur also agreed to accept an installment note from one of its customers in partial settlement of accounts receivable that were overdue. The note calls for four equal payments of $$21,200,$ including the principal and interest due. on the anniversary of the note. The implied interest rate on this note is $8\%.$The tables in this problem are to be used as a reference for this problem.Click here to view the factor table PRESENT VALUE OF $1.$Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.($a$)$Prepare the journal entries to record the three notes receivable transactions of Larkspur on July $1,2023.($For calculation purposes, use $5$ decimal places as displayed in the factor table provided. Round answers to $0$ decimal places, eg$.58,971.$ 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 $0$ for the amounts. List all debit entries before credit entries$)$No$.$ Account Titles and ExplanationDebit$1\mathrm{.}2\mathrm{.}3.$Notes ReceivableGain on Disposal of LandLand:Notes ReceivableService RevenueNotes ReceivableAccounts Receivable$762\mathrm{.}000271\mathrm{.}96370,217$Credit$122,000640,000271,96370,217(01)$ite$23$Prepare an amortization schedule for the installment note receivable obtained in partial collection of accounts receivable. $($Round answers to $0$ decimal places, e$.$g$.58,971.)$installment Note Receivable Amortization ScheduleInterest RevenuePrincipalCollectedNote CarryirAmountDateCash collected July$12023$July$12024$July$12025$July$12026$July$12027$