Use the Present Value tables, from the Appendix of your textbook, to answer all questions on this Quiz. Round each portion of your answer to the nearest dollar. On January 1, 2022, a company purchased equipment at a contract price of $56,000. The company made a cash down payment of $6,000 and signed a 3-year, 6% non-interest bearing note for the balance, due on December 31, 2024. Interest is compounded annually. The equipment account would be debited for what amount on January 1, 2022? $47,981$47,040$41,000$45,920$41,981