President Company purchased merchandi6e from Captain Corporation on September 30,2024 . Payment was made in the form of a noninterest-bearing note requiring President to make six annual payments of $7,000 on each September 30 , beginning on September 30,2027 . Required: Calculate the amount at which President should record the note payable and corresponding purchase on September 30,2024 , assuming that an interest rate of 6% properly reflects the time value of money in this situation. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. Round your intermediate calculations to the nearest whole dollar. (FV of \$1. PV of \$1. EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1)