please need help how to figure out the interest expense to be reported for 2020

Prepare the journal entry to record this transaction. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 5900000 1720291 1900000 Une Sales Revenu 1750291 Determine the amount of interest expense to report for 2020. (Round answer to 0 decimal places, e.g. 38,548.J Interest expense to be reported for 2020 eTextbook and Media Show Attempt History Current Attempt in Progress Your answer is partially correct. Presented below are two independent situations: (a) On January 1, 2020, Sheridan Inc. purchased land that had an assessed value of $373,000 at the time of purchase. A $549,000, zero-interest-bearing note due January 1, 2023, was given in exchange. There was no established exchange price for the land, nor a ready fair value for the note. The interest rate charged on a note of this type is 12% + Determine at what amount the land should be recorded at January 1, 2020, and the interest expense to be reported in 2020 related to this transaction. (Round answers to 0 decimal places, e.g. 38,548.) Land to be recorded at January 1, 2020 $ 390767 46892 Interest expense to be reported (b) On January 1, 2020, Skysong Furniture borrowed $5,900,000 (face value) from Sinise Co., a major customer, through a zero- to coll furniture to this