Alejandra Corporation finances the purchase of equipment purchased on January 1, 2017. The relevant interest rate is 5.00%. The loan obligates Alejandra to pay $10,000 at the end of each of the next 8 years. Please record the journal entries that Alejandra Corporation should make on January 1,2017 to recognize this transaction. If necessary, round your answer to the nearest dollar. (Hint: This is a non-current liability. As such, the amount borrowed will be the present value of future cash paid.)