Cathy Company purchased a machine on January 1, 2021. Cathy signed a note payable promising to make a one-time payment of $100,000 at the end of four years (on December 31, 2024). Assume a compound interest rate of 12%. Period Present Value of $1 at 12% Present Value of $1 Annuity at 12% 1 0.89 2 0.80 3 0.71 0.64 0.89 1.69 2.40 3.04 At what amount will this note payable appear on Cathy's balance sheet at December 31, 2022 (the end of the second year)? Round all numbers to the nearest dollar. O $100,000 O $169,338 O $64,000 $112,000 O $80,282