Flowers Inc, purchases a new delivery van on January 1, 20x1 by making a $10,000 down payment on 1/VX1 and signing a Note under which it agrees to pay $12,000 annually at the end of each of the next three years. The interest rate disclosed in the Note is 6% compounded annually. Calculate the amount (rounded) at which Flowers Inc. should record the tractor in its books at January 1, 20X1. Multiple Choice $42,076 $32,076 ) $40,226 ( $46,000