Bad Debts, Future, and Present Value

Please explain how to write a memo to the manager explaining and detailing a minimum of one element found in the company in response to the below transactions (memo analysis explaining what that means in the financial reporting, what should be considered in this).

Required 1 On June 30, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $28,000 on the purchase date and the balance in five annual installments of $5,000 on each June 30 beginning June 30, 2022. Assuming that an interest rate of 10% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? (Round your final answers to nearest whole dollar amount.) Show less Table values are based on: na 5 i= 10% Cash Flow Amount Present Value 18,954 5,000 Installments $ Down Payment $ Value of the equipment 28,000 28,000 46,954 Required 2 Johnstone needs to accumulate sufficient funds to pay a $580,000 debt that comes due on December 31, 2026. The company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2021. (Round your final answers to nearest whole dollar amount.) Show less Table or calculator function: Future Value: FVAD of $1 $ 580,000 5 n= i = 5% Annual deposit $ 99,967 Required 3 On January 1, 2021, Johnstone leased an office building. Terms of the lease require Johnstone to make 10 annual lease payments of $138,000 beginning on January 1, 2021. A 10% interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2021, before any lease payments are made? (Round your final answers to nearest whole dollar amount.) Show less PVAD of $1 Table or calculator function: Payment: $ 138,000 n = 10 i = 10% 932,745 Liability: $