Paisley Paver Corporation borrows $$240,000$ to finance the purchase of equipment at $6\%$ interest. The terms provide for annual payments each December $31.$ The first payment is dueDecember $31,2024.$Required:$1)$ Record the purchase and first two interest $/$ principle repayments assuming a fixed payment$4580,000$ per year

$2)$ Record the purchase and first two interest $/$ principle repayments assuming a blended pinciple and interest repayment each year being $$89,787$