(1) On 31/12 / 200 the company V Corporation acquired a machine on credit. For the repayment, the company will pay an amount of 7,000 on 31/12 / 20X0, an amount of 5,000 on 31/12 / 20X1, and an amount of 5,000 on 31/12 / 20X2. The usual credit terms are the full repayment of the price with the purchase. The annual market rate for these cases is 14%. Relevant calendar entries are requested assuming that V Corporation complies with IAS.