TBTF Incorporated rents commercial real estate to locally based businesses. TBTF purchased is a large office complex on January $2,2022.$ In exchange for the real estate, TBTF issued a noninterest bearing note to the seller. This note will be paid in equal instalments that include both principal and interest at the end of each calendar year. Other information pertaining to the purchase of the real estate follows:

$\backslash$table$[[$Annual instalment payment amount,$$248,849$