PowerEx Corp.designs and manufactures alternate clean energy solutions for homewwers across Canada. On January 1, 2017, the way to avantage of the town Incentive programs and constructed a new 34,000,000 research facility in Kelowna, n. The facility is pecados of 20 years and all of warte received the following government subsidies A forgivabile loan of $200,000 to assist in the financing of the facility. The loan wit be forgiven over the next five years the company umpleyat wortura per pour inte Okanagan Region in the new facility - The company also spent 5500,000 on research and development which had been opened previously those contare le for a 10% din Requirement Round all answers to the nearest dolor. No decimal places Part A Based on the gross method, prepare the journal entries to record the above them for year and 2017 Show all calculations for mark (1 mark) DI PowerEx Corp designs and manufacturus attemate clean energy solutions for homeowners are Canada. On January 1, 2017, the company to vantage of the various government Incentive programs and constructed a new 54,000,000 research facility in Kelowna, BC. The facility is expected to have the year and are not 400,000. Powers received the following government subsidies A forgivable loan of $200,000 to assist in the financing of the facility. The loan will be forgiven over the next five years the company times to workers per year in the Okanagan Region in the new facility - The company also spent $500,000 on research and development which had been expensed previously. These conta a histor 10%tukendt Requirement: Round all answers to the nearest dolor. No decimal places Part A Based on the grous method, prepare the journal entries to record the above tomo for your end 2017 Show al calculations for at masa (11 mark) CE De