On January 1, Metlock, Inc. sold used equipment with a cost of $14,800 and a carrying amount of $2,300 to Bridgeport Corp. in exchange for a $4,900, three-year non-interest-bearing note receivable. Although no interest was specified, the market rate for a loan of that risk would be 8%. Assume that Metlock follows IFRS. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Prepare the entry to record the sale of Metlock's equipment and receipt of the note. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Table A.2 PRESENT VALUE OF 1 (PRESENT VALUE OF A SINGLE SUM) PVE (1+1) 242% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% periods 2% 1 98039 2 96117 3 94232 4 92385 5 90583 .97561 95181 92860 90595 88385 97087 94260 91514 88849 86261 96156 92456 88900 85480 82193 95238 90703 86384 82270 .78353 94340 89000 83962 .79209 .74726 92593 85734 79383 73503 68058 91743 84168 77218 .70843 .64993 .90909 .82645 175132 .68301 .62092 .90090 .81162 73119 .65873 .59345 89286 .79719 .71178 .63552 .56743 .86957 75614 .65752 .57175 .49718 6 7 8 9 10 88797 87056 85349 83676 82035 86230 84127 82075 80073 .78120 83748 81309 78941 .76642 .74409 .79031 .75992 .73069 .70259 .67556 .74622 .71068 .67684 64461 .61391 .70496 .66506 .62741 59190 55839 63017 58349 54027 50025 46319 59627 .54703 50187 46043 42241 56447 .51316 46651 42410 38554 53464 48166 43393 39092 35218 50663 45235 40388 36061 32197 .43233 37594 32690 28426 24719 11 12 13 14 15 80426 78849 .77303 .75788 74301 .76214 .74356 72542 .70773 69047 .72242 70138 68095 .66112 .64186 64958 .62460 .60057 57748 55526 58468 55684 53032 50507 48102 52679 49697 46884 44230 41727 42888 39711 36770 34046 31524 38753 35554 32618 29925 27454 35049 31863 28966 26333 23939 31728 28584 25751 23199 20900 28748 25668 22917 20462 18270 21494 .18691 16253 14133 .12289 16 17 18 19 20 .72845 .71416 70016 68643 67297 .67362 .65720 64117 .62553 .61027 .62317 .60502 58739 57029 55368 53391 51337 49363 .47464 .45639 45811 .43630 41552 39573 37689 39365 37136 35034 33051 31180 29189 27027 25025 23171 21455 25187 23107 21199 .19449 .17843 21763 .19785 .17986 .16351 .14864 .18829 . 16963 .15282 .13768 .12403 .16312 14564 13004 .11611 10367 .10587 .09293 .08081 07027 06110 21 22 23 24 25 65978 .64684 63416 62172 60953 59539 58086 56670 55288 53939 53755 52189 50669 .49193 .47761 .43883 42196 40573 39012 37512 35894 34185 32557 31007 29530 29416 27751 26180 24698 23300 19866 18394 17032 .15770 .14602 .16370 .15018 .13778 .12641 11597 .13513 .12285 11168 .10153 .09230 .11174 10067 .09069 08170 .07361 09256 08264 .07379 ,06588 .05882 05313 .04620 04017 03493 03038 26 27 28 29 30 59758 58586 .57437 56311 55207 52623 51340 50088 48866 47674 46369 45019 43708 42435 .41199 36069 34682 33348 32065 30832 28124 26785 25509 24295 23138 21981 20737 .19563 .18456 .17411 .13520 .12519 .11591 10733 09938 10639 .09761 08955 08216 .07537 .08391 .07628 06934 .06304 .05731 .06631 .05974 .05382 .04849 04368 .05252 04689 04187 03738 03338 02642 .02297 .01997 .01737 01510 01313 .01142 .00993 .00864 .00751 31 32 33 54125 53063 52023 51003 50003 46511 45377 44270 43191 42137 39999 38834 37703 36604 35538 29646 28506 27409 26355 25342 22036 20987 .19987 19035 18129 .16425 .15496 .14619 .13791 .13011 09202 08520 07889 07305 06763 .06915 06344 05820 05340 04899 .05210 .04736 .04306 .03914 03558 .03935 03545 03194 02878 02592 02980 .02661 .02376 02121 .01894 35 36 37 38 39 40 49022 48061 47119 46195 45289 41109 40107 39128 38174 37243 34503 33498 32523 31575 30656 24367 23430 22529 21662 20829 .17266 16444 15661 .14915 14205 .12274 .11579 .10924 .10306 09722 06262 05799 05369 04971 04603 04494 04123 .03783 03470 03184 .03235 .02941 .02674 .02430 .02210 02335 02104 .01896 01708 .01538 ,01691 01510 01348 01204 01075 .00653 .00568 .00494 00429 .00373 Table A.4 PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 PVF-04 (1+1) i 2% 3% 5% 12% in) periods 1 2 3 WN 98039 1.94156 2.88388 3.80773 4.71346 24% .97561 1.92742 2.85602 3.76197 4.64583 .97087 1.91347 2.82861 3.71710 4.57971 96154 1.88609 2.77509 3.62990 4.45182 95238 1.85941 2.72325 3.54595 4.32948 94340 1.83339 2.67301 3.46511 4.21236 8% 9% 10% 11% 15% 92593 91743 .90909 90090 .89286 .86957 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 5 6 7 8 9 10 5.60143 6.47199 7.32548 8.16224 8.98259 5.50813 6.34939 7.17014 7.97087 8.75206 5.41719 6.23028 7.01969 7.78611 8.53020 5.24214 6.00205 6.73274 7.43533 8.11090 5.07569 5.78637 6.46321 7.10782 7.72173 4.91732 5.58238 6.20979 6.80169 7.36009 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 6.7100B 6,41766 6.14457 5.88923 5.65022 5.01877 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 7.90378 7.486907.10336 6.74987 6.42355 5.58315 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 11 12 13 14 15 -NM 9.78685 9.51421 9.25262 8.76048 8.30641 10.57534 10.25776 9.95400 9.38507 8.86325 11.34837 10.98319 10.63496 9.98565 9.39357 12.10625 11.69091 11.29607 10.56312 9.89864 12.84926 12.38138 11.93794 11.11839 10.37966 7.88687 8.38384 8.85268 9.29498 9.71225 16 17 18 19 20 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 14.29187 13.71220 13.16612 12.16567 11.27407 10.47726 14.99203 14.35336 13.75351 12.65930 11.68959 10.82760 15.67846 14.97889 14.32380 13.13394 12.08532 11.15812 16.35143 15.58916 14.87747 13.59033 12.46221 11.46992 8.85137 8.31256 7.823717.37916 6.97399 5.95424 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 9.37189 8.75563 8.20141 7.701627.24967 6.12797 9.60360 8.95012 8.36492 7839297.36578 6.19823 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 21 22 23 24 25 17.01121 16.18455 15.41502 14.02916 12.82115 11.76408 10.01680 9.29224 8.64869 8.07507 7.56200 6.31246 17.65805 16.76541 15.93692 14.45112 13.16800 12.04158 10.20074 9.44243 8.77154 8.17574 7.64465 6.35866 18.29220 17.33211 16.44361 14.85684 13.48857 12.30338 10.37106 9.58021 8.88322 8.26643 7.71843 6.39884 18.91393 17.88499 16.93554 15.24696 13.79864 12.55036 10.52876 9.70661 8.98474 8.34814 7.78432 6.43377 19.52346 18.42438 17.41315 15.62208 14.09394 12.78336 10.67478 9.82258 9.07704 8.42174 7.84314 6.46415 26 27 28 29 30 20.12104 18.95061 17.87684 15.98277 14.37519 13.00317 10.80998 9.92897 9.16095 8.48806 7.89566 6.49056 20.70690 19.46401 18.32703 16.32959 14.64303 13.21053 10.93516 10.02658 9.23722 8.45780 7.94255 6.51353 21.28127 19.96489 18.76411 16.66306 14.89813 13.40616 11.0510B 10.11613 9.30657 8.601627.98442 6.53351 21.84438 20.45355 19.18845 16.98371 15.14107 13.59072 11.15841 10.19828 9.36961 8.65011 8.02181 6.55088 22.39646 20.93029 19.60044 17.29203 15.37245 13.76483 11.25778 10.27365 9.42691 8.69379 8.05518 6.56598 31 32 33 34 35 22.93770 21.39541 20.00043 17.58849 15.59281 13.92909 11.34980 10.34280 9.47901 8.73315 8.08499 6.57911 23.46833 21.84918 20.38877 17.87355 15.80268 14.08404 11.43500 10.40624 9.52638 8.76860 8.11159 6.59053 23.98856 22.29189 20.76579 18.14765 16.00255 14.23023 11.51389 10.46444 9.56943 8.80054 8.13535 6.60046 24.49859 22.72379 21.13184 18.41120 16.19290 14.36814 11.58693 10.51784 9.60858 8.82932 8.15656 6.60910 24.99862 23.14516 21.48722 18.66461 16.37419 14.49825 11.65457 10.56682 9.64416 8.85524 8.17550 6.61661 36 37 38 39 40 25.48884 23.55625 21.83225 18.90828 16.54685 14.62099 11.71719 10.61176 9.67651 8.87859 8.19241 6.62314 25.96945 23.95732 22.16724 19.14258 16.71129 14.73678 11.77518 10.65299 9.70592 8.89963 8.20751 6.62882 26.44064 24.34860 22.49246 19.36786 16.86789 14.84602 11.82887 10.69082 9.73265 8.91859 8.22099 6.63375 26.90259 24.73034 22.80822 19.58448 17.01704 14.94907 11.87858 10.72552 9.75697 8.93567 8.23303 6,63805 27.35548 25.10278 23.11477 19.79277 17.15909 15.04630 11.92461 10.75736 9.77905 8.95105 8.24378 6.64178