sabonis consmetics co. purchased machinery on december 31,2011, paying $50,000 down and agreeing to pay the balance in four equal installments of $40,000 payable each dec 31. an assumed interest of 8% is implicit in the purchase price.

A) dec 31,21011

B)dec 31,2012

c)dec 31,2013

d)dec31,2014

e)dec 31,2015