On January 1, 2017, COVID Inc. sold services worth $800,000 to their customer Mask Co. and accepted a note as payment in full. The promissory note is a 6-year $800,000, zero-interest bearing note. COVID is able to borrow currently at 9%, but Mask Co. has only been able to borrow at 11%. The following interest factors may be of use in this problem (all for 6 periods) Future value of $1 Present value of $1 Future value of an ordinary annuity Present value of an ordinary annuity @4% 1.26532 0.79031 6.63298 5.24214 @9% 1.67710 0.59627 7.52334 4.48592 @11% 1.87041 0.53464 7.91286 4.23054 Required: (a) Provide the journal entry to record COVID's sale of services in exchange for the promissory note on 1/1/17. Please show all of your calculations (b) Record the adjusting journal entry on 12/31/17 by COVID Inc. (Hint: amortize the....). Please show all of your calculations