Problem 2 1.On 10/1/2022, We issued a Purchase Order to a vendor to purchase 20 comuputer servers at $250,000 each, total $5,000,000. Those servers will be used as fixed assets to generate customer revenue in the future. Estimated useful life 5 years 3.On 12/25/2022, we received the vendor invoice dated 12/20/2022 for the 10 servers at $2.5M, plus sales tax 4%. Total invoice amount $ $2.6M 4.On 1/6/2023, we received a vendor invoice from a freight vendor for shipping the 10 servers from the vendor's site to our Data Centers, total $50,000. 5. On 1/5/2023, we received 10 of the servers 6. We put the 10 servers in service on 1/13/2023, we use half month convention method for fixed assets. 7. On 1/31/2023, We paid both invoices.

Please draw journal entries or describle solutions for the following questions: 1. How should you record those invoices. PO or goods receipts If any? I.e., what are the journal entries to be made upon receipt, and upon payment? 2. What are the subseqent journal entries after the payment date of 1/31, if any? 3. Please explain what is the financial impact for year end 2022 and first quarter of 2023. Please draw T accounts to illustrate the financial impact for 2022 and Q12023