Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $17,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. 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?

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Cash Flow	Amount	Present Value
Installments
Down Payment
Value of the equipment

2. Johnstone needs to accumulate sufficient funds to pay a $470,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 8% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018.

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Future Value:
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Annual deposit

3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $127,000 beginning on January 1, 2018. A 10% interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made?

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Payment:
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Liability:

NEED TO FILL IN THE CHART