On July 1, 2021, Maria Company acquired equipment. Markwell paid $210,000 in cash on July 1, 2021, and signed a $840,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022 An interest rate of 7% reflects the time value of money for this type of loan agreement (PV of $1. PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? $1,050,000. $895,047 $987,429. $995,047