We purchase equipment on Nov. 10, 2019, and sign a noninterest-bearing 4-year note payable for $350,000. We pay off the note with three installments of $100,000 and a final installment of $50,000. The payments are due yearly on the anniversary date of the purchase. The prevailing market rate is 8%. Calculate the present value of the note: Journalize the purchase and the December 31, 2019, interest accrual. Assume you reverse the accrual Please show your Financial Calculator Inputs.