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BBB Company purchased a piece of equipment for P530,000 on January 1, 2021. The amount is payable after 4 years. The present value of an

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BBB Company purchased a piece of equipment for P530,000 on January 1, 2021. The amount is payable after 4 years. The present value of an ordinary annuity of 1 for 4 years at 14% is 2.9137. The present value of 1 for 4 periods at 14% is 0.5921. Complete the table below: Jan 1, 2021 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 STATEMENT OF FINANCIAL POSITION Note payable Discount on note payable Net STATEMENT OF COMPREHENSIVE INCOME Interest expense

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