On July 1, 2024, a company acquired equipment. The company paid $173,000 in cash on July 1, 2024, and signed a $653,000 noninterest-bearing note for the remaining balance which is due on July 1, 2025. An interest rate of 5% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) What is the total amount of cash paid for the equipment, including the initial payment and for the