On December 31, 2020, Novak Company acquired a computer from Plato Corporation by issuing a $548,000 zero- interest-bearing note, payable in full on December 31, 2024. Novak Company's credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $64,000 salvage value. (a) Your answer is partially correct. Try again. Prepare the journal entry for the purchase on December 31, 2020. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to o decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 Equipment 173711 X Discount on Notes Payable 374289 Notes Payable 548000 Click if you would like to Show Work for this question: Open Show Work