On January 2, 2017, a donor makes a documented promise to contribute $5,000,000 to an NFP organization at the end of 2018. There are no restrictions on the use of the contribution. On December 31, 2018, the organization receives the $5,000,000 in cash. The appropriate risk-adjusted discount rate is 5%. The organization's accounting year ends December 31. Required Prepare the journal entries to record this contribution in 2017 and 2018. Include any necessary year-end adjusting entries. For accounts that appear on the statement of activities, specify which category of net assets is affected. Round answers to the nearest dollar. PV of $1 excerpt: n 1% 2% 3% 4% 5% 6% 8% 10% 12% 1 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9259 0.9091 0.8929 2 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8573 0.8265 0.7972 3 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.7938 0.7513 0.7118 First journal entry Second journal entry Third journal entry Fourth journal entry Fifth journal entry