Werner Corp. purchased a new piece of equipment on January 1, 2022. The equipment had a list price of $70,000, however the seller agreed to allow Werner Corp. to pay for the equipment in 12 yearly installments of $8,000 on December 31 of each year. Assuming the note incurs interest at 6%, what amount should Werner Corp. debit the equipment account for on the date of purchase (round to the nearest dollar)? O $67,071 O $96,000 O $69,247 O $70,000 O $72,143