-12 E View Policies Current Attempt in Progress Culver Inc. has decided to purchase equipment from Central industries on January 2.2022, to expand its production capacity to meet customers' demand for its product. Culver issues a $1.026,000, 5-year. zero-interest-bearing note to Central for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $205,200 installments due at the end of each year over the life of the note (a) Prepare the journal entry at the date of purchase. (Round foctor values to 5 decimal places, es, 1.25124 and final answers too decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required. select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit D.de ENG THA e DOLL ESS FVO DO F42 FB F7 F6 F5 FO P FA F3 F2 Esc * & $ % A @ Y B 09