4 CLO3 Jordan Limited is a selatively new company in the corn industry. Polato Limited was awarded a government grant of S500,000 on March 20X5, the details of which are as follows: S300 000 is to assist with the purchase of a new harvester: S200,000 is for immediate financial support and is not associated with any future costs or expenses; All conditions attaching to the grant have been met. Later that day, the harvester was acquired for $900,000. The harvester has a useful life of 5 years and, at the end of its useful life, Potalo Limited expects to sell it for $50,000 as salvage value. Required: Show the general journal entries for the year 20X5 the deferred income method