EQUITY ASSETS LIABILITIES Non-current Assets Property, Non- Plant & Intangible Current Current Equipment Investments Assets/Other Liabilities Liabilities Current Assets Contributed Capital Earned Capital Accumulated OCI 4. AU.S. company borrows HK$1,000,000 from a Hong Kong bank on November 1, 2019, when the spot rate is $0.127/HK$. The loan carries an interest rate of 3%, and principal and interest are due on April 1, 2020, in Hong Kong dollars. The spot rate on December 31, the company's year-end, is $0.128/HK$. On April 1, the company pays principal and interest to close the loan. The spot rate on April 1 is $0.124/HK$. The average spot rate for the period November 1 - April 1 is $0.1272/HK$. Using the attached T-account template, prepare all necessary journal entries to record the above events on the U.S. company's books, including year-end adjusting entries