On July 1, 2021, Markwell Company acquired equipment. Markwell paid $192,500 in cash on July 1, 2021, and signed a $770,000 noninterest beaning note for the remaining balance which is due on July 1, 2022. An interest rate of 6% reflects the time value of money for this type of loan agreement of 51 PVA at 5 (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? Multiple Choice 5911,300 $918,918 $818,918 $962.500