. Collegetown Pizza purchased two ovens on January 1, 2019, for $75,000 and decided to finance the purchase. Arrangements were made to pay in three equal annual payments at the end of 2019, 2020, and 2021. The interest rate is 5%. Round all amounts to the nearest dollar. Required: a. What is the amount of each payment? b. Prepare journal entries for the initial purchase, and the payments each year. You are encouraged to organize your work in an amortization table or by using t-accounts, as you need to show your supporting calculations and label your work (this problem should be completed manually). c. What is the total amount paid for the two ovens?