D-Toys: (1) On Apr 1, 2018, purchased equipment for $300,000 with $100,000 paid by cash and $200,000 borrowed from banks. The purchase was correctly recorded on Apr 1. The life of the equipment is estimated to be 10 years. The bank loans bear 6% interest (6% is the annual interest rate) and are clue one year later, April 1, 2019. Both the interest and principal are paid on the due date. On Dec 31, 2018, make the adjusting entry for the bank loans' interest. (Hint: 9 months of interest have incurred.)