QUESTION 2: (26 Marks) The following are selected 2019 & 2020 transactions of Milan Inc. Milan's financial year ends on December 31. During 2019 o May I. Milan borrowed QR7,500,000 cash from the bank under the line of credit and issued a nine-month note payable with a discount rate of 5%. O During 2020 o February 1. Milan made the payment of the note at maturity. 0 April 2. Milan collected refundable deposits of QR30,000 in return for renting electronic devices for a specified period. December 31. It was discovered that during 2020. 250 employees took two weeks of paid annual leave, but at the end of the year. 200 other employees did not take their paid leave either in part or in full. of these, 100 employees took one week while 100 employees did not take any week. The company's policy follows accumulated compensated absences and employees can take up to 2 weeks paid vacation during the year. The pay rate per week is QAR 7,000. The company has 450 employees in total. REQUIRED: 1) Prepare all the necessary journal entries and adjusting entry for the note for the year 2019. 2) Prepare all the necessary journal entries and adjusting entry for the compensated absences for the year 2020. (Total: 26 Marks)