Use the following information to answer the next three items: On April 1, 2018, Russia Company acquired an equipment by paying cash of P100,000 and issuing a non-interest bearing note with face amount of P1,000,000 due on March 31, 2022. There is no cash price equivalent for the equipment . The prevailing rate of interest for this type of note is 12%. The present value of 1 at 12% for 4 periods is 0.636. 9. What amount will be assigned to the equipment account on April 1, 2018? A. 636,000 B. 699,600 C. 736,000 D. 1,100,000 10. How much is the interest expense for the year 2018? A. O B. 57,240 C. 66,240 D. 76,320 11. At what amount should the note be presented on December 31, 2019? A. 693,240 B. 776,429 C. 898,509 D. 1,000,000