The Montana Company paid for the acquipition of an equipenent by wigning a $100,000 three year 6 is note on January 1. 2019 in fivor of the equipment's manufachurer. The interent on the note is patid mnually. The market interest rate of the note with similer terme and condition is 10%. In addition, Montanit atse paid eash of 325,000 upfront. Calculate the present value of the note and make a journal entry for the acquisition of the equipment on January 1. 2019. Show your calculations. Prepare a jourmal entry for interest payments and interest expenses on December 31,2019