Afirm is considering purchasing a computer system.-cost of system is $198,000. the firm will pay for the computer system in year 0.-project life: 5 years-salvage value in year 0 (constant) dollars: $10,000-depreciation method: five-years macrs-marginal income-tax rate = 40% (remains constant over time)-annual revenue = $147,000 (year-0 constant dollars)-annual expenses (not including depreciation) = $88,000 (year-0 constant dollars)-the general inflation rate is 4.9% during the project period (which will affect all revenues, expenses, and the salvage value but not firm borrows the entire $198,000 at 14.9% interest to be repaid in 2 annual payments. the debt interest paid and the principal payment should not be changed by the inflation rate. lending agencies set the interest rate of borrowing to account for the inflation rate. calculate the effects of borrowing and include the debt interest paid and the principal repayment into the income statement and cash flow statement. determine the inflation-free irr' of the computer system. enter your answer as a percentage between 0 and 100."

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."