Sheridan Inc. decided to purchase equipment from Central Ontario Industries on January 2,2023, to expand its production capacity to meet customers' demand for its product. Sheridan issued a $898.000,5-year, non-interest-bearing note to Central Ontario for the new equipment when the prevailing market interest rate for obligations of this nature was 11%. The company will pay off the note in 5 $179,600 instalments due at the end of each year of the note's life. The tobles in thls problem ore to be used os a reference for this problem.) Click here to view Table A.4 - PRESENT VALUE OF ANORDINARY ANNUITY OF 1 (a) Prepare the joumal entry at the date of purchase. Calculate the purchase price using any of the three methods (tables, financial calculator, or Excel). (Credit occount titbes are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Ust debit entry before credit entry. Round factor values to 5 decimal places, eg. 1.25124 and final onswers to 0 decimol places, eg. 5,275