Amber Mining and Mailing, Inc. contracted with Truax Corporation to have constructed a custom made the. The machine was completed and ready for use on January 1, 2021. Amberpaid for the otheby issuing 65700,000 three-year note that specified interest. payable annually on December 31 of each year. The cash market pnce of the fathe wot unknown. It was determined by comparison with similar transactions that 10% was a reasonable rate of interest Pat SIEVA O 51 PVA O SI EVAD 1 and PVADIO 51 (Use appropriate factors from the tables provided) Required: ta. Complete the table below to determine the price of the equipment 1.b. Prepare the journal entry on January 1, 2021 for Amber Mining and Mang's purchase of the the 2. Prepare an amortization schedule for the three year term of the note 3. Prepare the journal entries to record (o) interest for each of the three years and payment of the note at maturity QAnswer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. NA Red 15 2 Reg Complete the table below to determine the price of the equipment. (Round final wers to the whole della Tableware based on 30 100% Cash Flow Amount Present Value Interest S42000's 104450 Principal $ 700.000 505910 Price lume 5 630.350 Reg 10 >