Grouper Corporation bought a computer on December 31,2023, paying $32,000 down with a further $66,000 payment due on December 31, 2026. An interest rate of 11% is implicit in the purchase price. Grouper uses the effective interest method and has a December 31 year end. Grouper prepares finamcial statements in sccordance with ASPE. Click here to view the factor table PRESENTVALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF1. Using (1) factor tables, (2) a financial calculator, or (3) Excel function PV, prepare the journal entry at the purchase date. (Hint Refer to Chapter 3 for tips on calculating) (Round present value foctor calculations to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places es. 58,971. Credit account titles are automatically indented when the amount is entered, Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) Prepare amy journal entries required at December 31, 2024, 2025, and 2026. (Round answers to 2 decimal places, eg. 52.50. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "Mo Entry" for the occount tities and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) PVF,i=(1+i)1=(1+i) FVFOAn,1=i(1+i)n1 363738394051.9943754.0342556.1149458.2372460.4019857.3014159.7339562.2273064.7829867.4025563.2759466.1742269.1594572.2342375.4012677.5983181.7022585.9703490.4091595.0255295.83632101.62814107.70955114.09502120.79977119.12087127.26812135.90421145.05846154.76197187,10215203.07032220.31595238.94122259.05652236.12472258.37595282.62978309.06646337.88245299.12681330.03949364.04343401.44778442.59256360.16441422.98249470.51056523.26673581.82607484.46312543.59869609,83053684.01020767.091421014.345681167.497531343.622161546.165491779.09031 Table A.4 PRESENT VALUB OF AN ORDINARY ANNGTT OR PVF=OAn,=11(1+i)41 PVFADn,i=1+i1(1+i)n11