Carla Vista Cosmetics Co. purchased equipment on December 31, 2023, paying $50, 100 down and agreeing to pay the balance in four equal instalments of $43,900 payable each December 31. An assumed interest of 9% 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.)