Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2018. Payment was made in the form of a note requiring Lincoln to make six annual payments of $8,000 on each September 30, beginning on September (Use appropriate factor(s) from the tables provided.) FVAD of $1 and Required: Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2018, assuming that an interest rate of12% properly reflects the time value of money in this situation