The Montans Company paid for the acquistion of an equipenent by signing a $100,000 three year 6 . 4 note on January 1. 2019 in favor of the equipment's manufacturet. The interest en the note it palif annually. The market intereat rate of the note with similar terms and condition is te\%. In addition, Montand atwo paid cach of 525,000 upfront. Calculate the present value of the note and make a journal entry for the acquiaition of the equipment on January 1. 2019, Show your calculations. Prepare a jourmal entry for interest payments and interest expenses on December 31, 2019. F3,10%=0.7513 VFOA3,10%=248655