View Policies Current Attempt in Progress On December 30, 2020, Marigold Corp. purchased a machine from Cullumber Company in exchange for a zero-interest-bearing note requiring eight payments of $218000. The first payment was made on December 30, 2020, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 12%. Present value factors are as follows: Present Value of Ordinary Period Annuity of 1 at 12% Present Value of Annuity Due of 1 at 12% 7 4.564 5.111 8 4.968 5.564 On Marigold's December 31, 2020 balance sheet, the net note payable to Cullumber is $994952. O $1083024. O $1105491. $1212952