Question 2: (3 pts) On 10th October 2016, Company C becomes the owner of a new patent for an amount EUR 25.000.000. A first payment of EUR 20.000.000 is made by bank on October 10th 2016. For the remaining part, the company signs a loan agreement with a bank for a long term financing of EUR 7.000.000. The bank releases the loan by a transfer of EUR 7.000.000 on the bank account of Company C, on November 30th, 2016. Company C pays the balance of EUR 5.000.000 to the seller of the patent. Pass the accounting entries as of October 10th, 2016 and November 30th, 2016 in Company C accounting.