part A is done please continue and solve part B

Problem 14-08 (Part Level Submission) On December 31, 2020, Kingbird Company acquired a computer from Plato Corporation by issuing a $592,000 zero-interest-bearing note, payable in full on December 31, 2024. Kingbird Company's credit rating permits it to borrow funds from its several lines of credit at 12%. The computer is expected to have a 5-year life and a $66,000 salvage value Your answer is correct Prepare the journal entry for the purchase on December 31, 2020. (Round present value factor calculations to 5 decimal places, eg 1.25124 and the final answers to decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Ewplanation December 31, 2020 Equipment Toiscount Notes Payable 592000 Click if you would like to show Work for this questioni Open Show Work 09 Cat Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2021. (Round answers to o decim, e.g. 38,548. If no entry is required, select "No Entry" for the account cities and enter for the amounts. Credit account tires are automatically indented when amount Do not indent manually.) (PN Debit Credit Date Account Titles and Explanation December 31, 2021 wits by Study (to record the depreciation.) December 31, 2021 (To morture the discount) Amount Schedule of Note Discount Amortization Debit interes pense Credit Carry Date Discount on Notes Payable 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 Were for this question Open Show Work