To finance the concession agreement, the company enter on June 30, 2019 into a loan agreement with a bank for an amount of EUR 3.000.000. Loan issuance costs amount to 3 % of the loan amount. Cash is transferred on company C bank account on June 30, 2019 for a net amount of EUR 2.970.000. Repayment date of the loan is June 30, 2024. Pass the accounting entry related to this agreement on June 30, 2019 and at year end. Account for the 2 options possible in such a case.