On January 1 2021. Laramie Inc acquired land for 59 2 million Laramie paid $27 in cash and signed a 6% not requiring the company to pay the remaining $6.5 million plus interest on December 31, 2022. An interest rate of 6% properly reflects the time value of money for this type of loan agreement For what amount should Laramie record the purchase of land $8.6 million 59 2 million 59.8 milion $65 million