please use proper excel formulas to show work.

On December 31, 2020, Faital Company acquired a computer (equipment) from Plato Corporation by Issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2024 Faital Company's credit rating permits it to borrow funds from its several lines of credit at 10% The computer (equipment) is expected to have a 5-year life and a $70,000 salvage value. Instructions Prepare the journal entry for the purchase on December 31, 2020 (Use Excel PV formula to properly atue equipment at nequinition). Date Account Debit Credit b. Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective interest method) on December 31, 2001. Date Account Debit Credit Date ACON Debu Crede Schedule of Note Discount Anotation Carry Amount Note Total of discount on Nos Payable c. Prepare any necessary adjusting entries relative to depreciation and amortization on December 31, 2022. Date Acco Deb Credit De Credit