Problem 10-2B Asset purchased with a note LO2, 3 Heritage Architect Company of Manitoba purchased some modular office furniture on March 10, 2020 had a cost of $290,000 (ignore GST/PST). Show the journal entries that would record this purchase and ment under these three separate situations: a. The company paid cash for the full purchase price. b. The company purchased the furniture on credit with terms 1/30, n/60. Payment was made on April 9,2 c. The company signed a 10%, one-year note for the full purchase price. The note was paid on March 10, the maturity date. Ignore year-end accruals. Analysis Component: What would the impact be on the financial statements at year-end if the co signed a note? What ratio would be affected