On January 1 of this year, Shannon Company completed the following transactions assume a 10% annual interest rate): E o 1. P o 1 E o 1 and P 0 $1 Use the appropriate factor s from the tables provided. a. Bought a delivery truck and agreed to pay $60,000 at the end of three years. b. Rented an office building and was given the option of paying $10,000 at the end of each of the next three years or paying $28,000 immediately. c. Established a savings account by depositing a single amount that will increase to $90,000 at the end of seven years d. Decided to deposit a single sum in the bank that will provide 10 equal annual year-end payments of $40,000 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? (Round your answer to nearest whole dollar.) t of the truck 2. Which option for the office building results in the lowest present value? O Pay in three installments O Pay in single installment 3. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.) t to 4. What single sum must be deposited in the bank on January 1 of this year? (Round your answer to nearest whole dollar.) t to