On December 31, 2020, Sarasota Company acquired a computer from Plato Corporation by issuing a $570,000 zero-interest-bearing note, payable in full on December 31, 2024. Sarasota Companys 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 $67,000 salvage value.

Prepare the journal entry for the purchase on December 31, 2020.