Ford Inc. acquired a $4,000,000 machine on January 1, 2020 from Stever Company in which Ford is to make 15 annual payments of $420,716, with the first payment on December 31, 2020. There is no explicit interest stated, but 10% is an appropriate rate for this payment arrangement. At what amount should Ford record the discount on notes receivable resulting from this purchase? Enter your answer as a numerical number as a whole number (no decimal points). Do not use a dollar sign or any other symbol. Present value of 1 at 10% for 15 periods 0.23939 Present value of an ordinary annuity 1 at 10% for 15 periods 7.6060B Present value of an annuity due 1 at 10% for 15 periods 8.36669 Previous Page Next Page Page 28 of 44