On January 1, 2020, Bianca Company completed the following transactions (use a 7 percent annual interest rate for all transactions): Use PV of $1 (Round time value factor to 4 decimal places. Round intermediate and final answers to the nearest whole dollar.) a. Borrowed $133,000 for seven years. Interest of $7,800 will be paid at the end of each year and the loan of $133,000 will be paid at the end of the seventh year. b. Established a plant addition fund of $508,000 to be available at the end of year 8 . A single sum that will grow to $508,000 will be deposited on January 1, 2020. c. Agreed to pay a severance package to a discharged employee. The company will pay $95,000 at the end of the first year, $140,000 at the end of the second year, and $180,000 at the end of the third year. d. Purchased a $188,000 machine on January 1,2020 and paid cash, $43,000. A five-year note payable is signed for the balance. The note will be paid in five equal year-end payments starting on December 31,2020. Required: 1. In transaction (a), determine the present value of the debt. 2-a. In transaction (b), determine the amount that the company must deposit on January 1, 2020? 2-b. In transaction (b), what is the total amount of interest revenue that will be earned? 2-b. In transaction (b), what is the total amount of interest revenue that will be earned? 3. In transaction (c), determine the present value of this obligation. 4-a. In transaction (d), determine the amount of each of the equal annual payments on the note. 4-b. In transaction (d), what is the total amount of interest expense that will be incurred? On January 1, 2020, Bianca Company completed the following transactions (use a 7 percent annual interest rate for all transactions): Use PV of $1 (Round time value factor to 4 decimal places. Round intermediate and final answers to the nearest whole dollar.) a. Borrowed $133,000 for seven years. Interest of $7,800 will be paid at the end of each year and the loan of $133,000 will be paid at the end of the seventh year. b. Established a plant addition fund of $508,000 to be available at the end of year 8 . A single sum that will grow to $508,000 will be deposited on January 1, 2020. c. Agreed to pay a severance package to a discharged employee. The company will pay $95,000 at the end of the first year, $140,000 at the end of the second year, and $180,000 at the end of the third year. d. Purchased a $188,000 machine on January 1,2020 and paid cash, $43,000. A five-year note payable is signed for the balance. The note will be paid in five equal year-end payments starting on December 31,2020. Required: 1. In transaction (a), determine the present value of the debt. 2-a. In transaction (b), determine the amount that the company must deposit on January 1, 2020? 2-b. In transaction (b), what is the total amount of interest revenue that will be earned? 2-b. In transaction (b), what is the total amount of interest revenue that will be earned? 3. In transaction (c), determine the present value of this obligation. 4-a. In transaction (d), determine the amount of each of the equal annual payments on the note. 4-b. In transaction (d), what is the total amount of interest expense that will be incurred