%2. Identifying Affected Accounts Resulting from Planned Capital Expenditure Assume on the first day of the purchase price of $50,000 that you will depreciate over its estimated useful life of 5 years (equal next fiscal year, your company is planning a purchase of equipment for a E9-4. Identifying Affected Accounts Resulting from Planned Borrowing Assume that, on the equal first day of next year, your company is planning to borrow $40,000 that you will repay in annual installments over a 5-year period. The interest rate on the loan will be 5% and both the principal payment and the interest payment will be paid on the last day of the year. Using the income statement and balance sheet from E9-2, and assuming that the current long-term debt will require a principal payment of $2,378 on December 31 (your year-end) identify the accounts that will be directly affected by this borrowing and the balance you expect to report for these accounts next year. Assume that interest expense on the prior year debt will remain at the same dollar amount in the following year