please help asap! will give thimbs up :)

On January 1,2024 , Price Incorporated acquired a patent from Hodkiewicz LLC. The agreement specified that Price will pay Hodkiewicz $2,500,000 immediately and then another $3,000,000 on December 31,2025 . An interest rate of 9% reflects the appropriate discount rate for this type of loan agreement. Prepare Price 's journal entry to record the acquisition of the patent on January 1, 2024. [10 points]