a. Pink Corporation purchased an equipment costing $92,000 by paying 10% as cash deposit and signed a 8-month, 5% note payable on Oct 1, 2020. The note will be repaid with interest at maturity. Prepare journal entries to record the purchase of the Equipment, accrual of interest on Dec 31, 2020 and the final repayment of the note and interest at maturity. (16 marks) b. $72,000 bonds of Pink Corporation are quoted at 94.50. Are they selling at a discount or at premium? How much will they sell for? (4 marks)