GP Transportation requires an additional vehicle to increase operations. On January 1, 2021, they sign a $112,700 note payable to purchase a vehicle which is payable with five equal cash payments and an interest rate of 4%. Cash payments will be made on December 31 of each year for the next five years. Required (round numbers to the nearest whole number): a) What is the equal cash payment that will be required for each payment? Stop sharing urnal entry on January 1, 2021, for the purchase of the vehicle. Hide arnal entry on December 31, 2021, for the first cash payment. Essay Toolbar navigation. BIUS E > A L K