Stone Company is facing several decisions regarding investing and financing activities. Address each decision

Independently.

On June $30,2024,$ the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay

$$13,000$ on the purchase date and the balance in five annual Installments of $$5,000$ on each June $30$

beginning June $30,2025.$ Assuming that an Interest rate of $10\%$ properly reflects the time value of money in

this situation, at what amount should Stone value the equipment?

Stone needs to accumulate sufficlent funds to pay a $$430,000$ debt that comes due on December $31,2029.$

The company will accumulate the funds by making five equal annual deposits to an account paying $9\%$ interest

compounded annually. Determine the required annual deposit if the first deposit is made on December $31,$

$2024.$

On January $1,2024,$ Stone leased an office bullding. Terms of the lease require Stone to make $15$ annual lease

payments of $$123,000$ beginning on January $1,2024.$ A $10\%$ interest rate is implicit in the lease agreement. At

what amount should Stone record the lease llabillty on January $1,2024,$ before any lease payments are made?

Note: For all requirements, Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$

FVAD of $$1$ and PVAD of $$11)$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $2$

On January $1,2024,$ Stone leased an office building. Terms of the lease require Stone to make $15$ annual lease payments

$$123,000$ beginning on January $1,2024.$ A $10\%$ interest rate is implicit in the lease agreement. At what amount should St

record the lease liability on January $1,2024,$ before any lease payments are made?

Note: Round your final answers to nearest whole dollar amount.