5. (4 points) On January 1, 2018, Ivanhoe Company acquired a computer from Plato Corporation by issuing a $600,000 noninterest-bearing note, payable in full on December 31, 2021. Ivanhoe Company's credit rating permits it to borrow funds from its several lines of credit at 9%. The computer is expected to have a 6-year life and a $40,000 salvage value. a. Prepare the journal entry for the purchase on January 1, 2018. Date 1/1/18 Accounts DR CR b. Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2018. Accounts Depr. Interest DR CR