Installment Sale Use Future Value of a single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity, or your calculator to complete the requirements below. Round factors to five decimal places. Wilke Properties owns and on which natural gas wells are located. Cincinnati Gas Company signs a note to buy this land from Wilke on January 1, 2024 The note requires Cincinnati to pay Wilke $683,000 per year for 25 years. The first payment is to be made on December 31, 2024. The appropriate interest rate is 9% compounded annually. Required: 1. Complete the information needed to prepare a diagram of the appropriate cash flows from Cincinnati Gas's perspective. If an amount is zero, enter "0" n- years per year Amount of Payment or Deposit 12/31/25 1/1/24 12/31/24 12/31/26 12/31/48 2. Determine the present value of the payments. Round factors to five decimal places and final answer to the nearest cent. 3. Indicate what entry Cincinnati Gas should make at January 1, 2024. If an amount box does not require an entry leave it blank. Previous Check My Work LILULU We a diagram of the appropriate cash flows from Cincinnati Gas's perspective. If an amount is zero, enter "0". - years 1 - per year Amount of Payment or Deposit 12/31/25 1/1/24 12/31/24 12/31/26 12/31/48 2. Determine the present value of the payments. Round factors to five decimal places and final answer to the nearest cent. 3. Indicate what entry Cincinnati Gas should make at January 1, 2024. If an amount box does not require an entry, leave it blank. January 1, 2024 Previous Check My Work