On January 1, Sheffield Corporation iscues a $120,000,10-year non-interest-bearing note to Camden Production for new machinery The market interest rate is 11% and Camden is to pay $12,000 as an instalments at the end of each year. Fair value for a purchase of the new machinery in cash is not awailable frorth the supplier at this time. Clickhere to view Table A.4- PRESENT VALUEOF AN ORDINARY ANNUITY OF 1 Prepare the journal entry to record the machinery purchase (Credit occount tites ere estomaticolly indented when the amount is entered, Do not indent manualy. If ne eotry is required, seloct "No Entry" for the acoount titles and enter O for the ameunts, lht detit entry before credit entry. Aound present walue foctor calculations to 5 decimal ploces, es. 1.25124 and the findl annver fo o decimal aloces es. 5(1,9713