President Company purchased merchandise 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 $8,000 on each September 30 , beginning on September 30,2027 Requlred: Calculate the amount at which President should record the note payable and corresponding purchase on September 30,2024. assuming that an interest rate of 12% properly reflects the time value of money in this situation. Note: Use tables, Excel, or a financlal calculator. Round your final answers to neorest whole doller amount. Round your Intermedlete colculatlons to the neorest whole doller. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 )