On January 1 of this year, Shannon Company completed the following transactions (assume a 8% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) a. Bought a delivery truck and agreed to pay $61, 700 at the end of three years. b. Rented an office building and was given the option of paying $11, 700 at the end of each of the next three years or paying $32,000 immediately. c. Established a savings account by depositing a single amount that will increase to $93, 400 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $41, 700 to a retired employee (payments starting December 31 of this year). Required: 1. What is the cost of the truck that should be recorded at the time of purchase? What single amount must be deposited in this account on January 1 of this year? What single sum must be deposited in the bank on January 1 of this year