Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $300,000 for the equipment on December 31, 2020. The market rate of interest for similar notes was 9%. The present value of $300,000 discounted at 9% for five years was $194,979. On January 1, 2019, Straight Industries recorded the purchase with a debit to equipment for $194,979 and a credit to notes payable for $194,979. On Straight Industries' balance sheet for the year ended December 31, 2019, the book value of the liability for notes payable, including accrued interest would be closest to: Multiple Choice $212,527 $217,472 $221,979. $219.672