Please help me answer problem #3 and #4

Question \#3 a. Rocky Mountain Industries, Inc. sells (factors) \$1,225,000 of Accounts Receivables with the Sierra Finance Company on a without recourse basis. Sierra Finance acquires the receivables on March 31, 2023 assessing a finance charge of 5\%, and also reserving 8\% for covering probable adjustments. Based on the contractual arrangement above, prepare the journal entry at March 31, 2023 for Rocky Mountain Industries, Inc. b. Alamo Pet Supply sells (factors) $400,000 of Accounts Receivables with the Purina Finance Company on a with recourse basis. Purina Finance acquires the receivables on January 31 , 2023 assessing a finance charge of 3\%, and also reserving 4\% for covering probable adjustments. The recourse obligation has a fair value of $9,000 Based on the contractual arrangement above, prepare the journal entry at January 31, 2023 for Alamo Pet Supply. Question \#4 a. On July 20, 2021 Land Broker Associates signed a sales agreement on a long-term contract. Land Broker Associates will receive a total of $1,900,000-- scheduled over 4 annual payments of $475,000 each. The first payment starts on July 20, 2024, with the remaining 3 payments following on July 20, 2025, July 20, 2026, and July 20,2027 Land Broker Associates wants to know the present value of the agreement as of July 20, 2021, at a 6\% interest rate. Show all calculations. b. Simca Automobile Corporation issued $3,500,000 of 7.00%10 year bonds. Interest is payable annually on the bonds, however, the company's CFO is concerned about having sufficient funds to pay back the bonds at the end of 10 years. Therefore, the CFo is establishing a "Bond Sinking Fund" by making annual deposits of $250,000 to the fund starting at the end of the first year and continuing through the end of the 10th year. The fund is projected to provide a return of 6% per year. Will the CFO's planned deposits be sufficient to meet the obligation? If the planned deposits are insufficient, how much should the annual deposit be increased by in order to meet the obligation? Show all calculations