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, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $18,000 on the purchase date and the balance in six annual installments of $6,000 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 $480,000 debt that comes due on December 31, 2026. The company will accumulate the funds by making five equal annual deposits to an account paying 5% 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 20 annual lease payments of $128,000 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 equipme $18,000 on the purchase date and the balance in six annual ins Assuming that an interest rate of 10% properly reflects the time Johnstone value the equipment? (Round your final answers to n Table values are based on: n Cash Flow Amount Present Value Installments Down Payment Value of the equipment Reauired Required Required Required Johnstone needs to accumulate sufficient funds to pa will accumulate the funds by making five equal annua Determine the required annual deposit if the first dep nearest whole dollar amount.) Table or calculator function: Future Value: n = i = Annual deposit KRequi Required 1 Required 2 Required 3 On January 1, 2021, Johnstone leased an office buil payments of $128,000 beginning on January 1, 202 should Johnstone record the lease liability on Januar answers to nearest whole dollar amount.) Table or calculator function: Payment: n = i Liability