What amount should be recorded as the cost of a machine purchased December 31, 2020, which is to be financed by making 8 annual payments of $23000each beginning December 31, 2021? The applicable interest rate is6%.

Use the fol lowing 6% interest factors. Present Value of Future Value of Ordinary Annuity_ Ordinary Annuity 7 periods 5.58238 8.39384 8 periods 6.20979 9.89747 9 periods 6.80169 11.49132 What amount should be recorded as the cost of a machine purchased December 31, 2020, which is to be nanced by making 8 annual payments of $23000 each beginning December 31,2021? The applicable interest rate is 6%. o $161000 A $156439 A $142825 A $227642