ABC purchased equipment at a cost of $ 45,000. To finance the purchase, he signed a five-year promissory note, which requires five equal annual payments. ABC will make the first payment in one year. Each payment will be in the amount of $ 12,795. Suppose the note carries an interest rate of 12% and ABC will pay $ 10,000 annually for the five years of the note. At the end of year 5, in addition to the $ 10,000, ABC will pay an additional amount. 1) What additional amount will ABC have to pay to pay off the promissory note? 2) How much will ABC owe after making the third annual payment? 3) What is the wage entry for the fifth payment, including the amount calculated in question (1)