http://ezto mh Chapt 2. 1000 points 10.00 points On January 1,2016, The Barrett Company purchased merchandise from a supplier. Payment was a nonnterest-bearing nole requiring five annual payments of $30,000 on each December 31 beginning on December 31, 2016, and a lump-sum payment of 5200,000 on December 31, 2020 A 10% interest rate properly reflects the time value of money in this situation (FV of $1. PV of $1.FVA of $1. PVA of $1 EVAD of St and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1,2016 Payments Lump Sum Amount recorded Reterences Book & Resources Worksheet present vitunof a sle amounit Difficulty: 2 Mediunm