Pina Colada Corp. a public company using IFRS, signed a long$-$term non$-$cancellable purchase commitment with a major supplier to purchase raw materials at an annual cost of $$1,700,000$At December $31,2022,$ the raw materials to be purchased in $2023$ have a market price of $$1,457,000($ a$)$ Prepare any December $2022$ entry that is neededCredit account titles are automatically indented when the amount is entered. Do not indent manuallyIf no entry is required, select $"$No Entryfor the account titles and enter for the amountsList debit entry before$$credit$$entry$)$