On December 30, 2020, Oriole Company purchased a machine from Sandhill Co. in exchange for a zero-interest-bearing note requiring eight payments of $ 212000. The first payment was made on December 30, 2020, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 9%. Present value factors are as follows: Present Value of Ordinary Annuity of 1 at 9% Present Value of Annuity Due of 1 at 9% Period 7 5.033 5.486 8 5.535 6.033 On Oriole's December 31, 2020 balance sheet, the net note payable to Sandhill is $ 1173420. O $ 1278996. O $ 1185539. O $ 1066996