Carla Vista Cosmetics Co. purchased equipment on December 31, 2023, paying $54,700 down and agreeing to pay the balance in four equal instalments of $42,700 payable each December 31. An assumed interest of 8% is implicit in the purchase price. Sabonis has a March 31 year end. factor table PRESENT VALUE OF 1. factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Using (1) factor tables, (2) a financial calculator or (3) Excel function PV, calculate the amount to be recorded to the note payable account. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.)

Carla Vista Cosmetics Co. purchased equipment on December 31,2023 , payir $54,700 down and agreeing to pay the balance in four equal instalments of \$42,700 payable each December 31. An assumed interest of 8% is implicit in the purchase price. Sabonis has a March 31 year end. factor table PRESENT VALUE OF 1. factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Usirig (2) factor tables, (2) a financial calculator or (3) Excel function PV. caiculate the amount to be recorded to the note payable account, (Round foctor values to S decimal places, es, 1.25124 and final answer to 0 decimal places, es. 5,275)