Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $24.000 on the purchase date and the balance in six annual installments of $7,000 on each June 30 beginning June 30, 2022. Assuming that an interest rate of 10% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $540,000 debt that comes due on December 31, 2026. The company will accumulate the funds by making five equal annual deposits to an account paying 6% interest compounded annually. Determine the required annual deposit If the first deposit is made on December 31, 2021. 3. On January 1, 2021, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $134.000 beginning on January 1, 2021. A 10% interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2021, before any lease payments are made? Required 1 Required 2. Required 3 On June 30, 2021, the Johnstone Company purchased equ $24,000 on the purchase date and the balance in six annua Assuming that an interest rate of 10% properly reflects the Johnstone value the equipment? (Round your final answers Table values are based on: n 6 10% Cash Flow Amount Present Value Installments $ Down Payment $ Value of the equipment 7,000 24,000 24,000 1114 . .1 Yuuuu vylly VII vuruly, the lease liability on January 1, 2021, before any lease payments Complete this question by entering your answers in the tal Required 1 Required 2 Required 3 Johnstone needs to accumulate sufficient funds to pay a $540,000 will accumulate the funds by making five equal annual deposits to a Determine the required annual deposit if the first deposit is made or nearest whole dollar amount.) Table or calculator function: PVA of $1 Future Value: $ 540,000 n = = 6% Annual deposit