On December 31, 2017, Linsey Company sold a specialized equipment to Mikey Ltd. and accepted in exchange a promissory note with a face value of $600,000, a due date of December 31, 2020, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the equipment is not readily determinable and the note is not readily marketable. Mikey typically borrows funds at a rate of 10%, while Linsey has various lines of credit at 12%. Both companies report under IFRS, and have a fiscal year end of December 31. Required: a) Prepare Linsey's journal entries on December 31, 2017 and December 31, 2018 (Show all supporting calculations; Round to whole dollars). b) Please report notes receivable on the statement of financial position as at December 31, 2019 (Show all supporting calculations; Round to whole dollars)