Calculate the amount at which Barrett should record the notes payable and corresponding merchandise purchased on January 1, 2021.

(Round final answers to the nearest whole dollar)

On January 1, 2021, The Barrett Company purchased merchandise from a supplier. Payment was a noninterest-bearing note requiring five annual payments of $20,000 on each December 31 beginning on December 31, 2021, and a lump sum payment of $100,000 on December 31, 2025. A 10% interest rate properly reflects the time value of money in this situation. (FV of $1. PV of $1. FVA of $1. PVA of S1, EVAD of S1 and PVAD OL51) (Use appropriate foctor(s) from the tables provided.) Required: Calculate the amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2021. (Round your final answers to nearest whole dollar amount.) Table values are based on: n = i 10% Cash Flow Amount Payments $ 20,000 Lump Sum $ 100,000 Amount recorded Present Value TABLE 1 Future Value of $1 EV 1010 1.0% 15% 20% 2596 104 120000 144000 1 101000 101500 10.2000 102500 103000 103500 10000 0 0 15000 10500 21.01010 103022 10100 100 106090 1.07123 108160109201110250 11301 3 1.03030 104568 106121 107639 1.09273 1.10872 1.12486114117 L15763 117424 4 1.040601.00136 10243 110381 112551 114752 1.10936 19352 121551 1.23882 5 105101 10772 11040811141 115927 118759 121685 1218126 130096 106000 10000 10000 109000 10000 11000 13360 1490 116610 110 121000 210 1191021.22501 125971 129503133100 136763 26348131080 0 49141158 14611051807 13323 140255 46933 15386261051 6506 112000 125440 1.40193 157352 76734 1.72800 207360 2.45632 SENSE 6 1 06152 109544 112616 1 1996 1905 1906 152 1 6 01037534148 10073 1 7 167710 177156 15704119 7 107214 110984 1145091 9122957 127228 131593 1 0S 14070145468 1967 2016 22106 106236 1129 117166 210 126577 131681 16857 1410 147146 1516915935171819 185093 199256 21059230454 247596 1 093691143391195091 1 10477 136290 1.0331 1.43010155133 1.61909 161948 199200217159235795255604 2773 101 10462 116054 1 2189 208114192 141060 1480 15297 16280970814 S 1715 215892236736 259374 2921058S BL6515 891610 11 1.11567 1.17795 1.24337 131209 135423 145997 153945 1.62285 17104 150209189830 2.10483 2.33164 2.58013285312 3.15176347855 12 112683 119562126824119 1.42576 151107 1.601031095879586190121201220225219 2.51817 2812603.13343 34954589595 13 1.13809 121355 1.29361137851 1.4685315696 166.507 1712201 885652.00577 2132932401S 27142306580 3.45227 2 436349 14 114947 123176 139 141297151259 161889 1.7316815194 197993211609 2260902578) 293719334173 3.79750 4110444 15 116097125023 I 140 141 155797 167535 1 041 91528 207932204239056 2703317217 354345 4 1775 4749 567857 1069932 15.07 2215 16 1.1725 126 1727 148451 160171 172 1723202237 21337 2.35526 254035 29521634394397031 4 97 530 613039 17 1 1643012021400340 105 74810211118229202 203480 2097 2003 4171 S S S 18 119615 130734 145 150 1700 185920253205452406622.62147 285434337993 4 71712 5 8 7697 19 1.20811 132695 145661 1965 175151 192250 2.10685230786 2.52695 2.76585 025006 1653 431570 5.14100 11591 7.20134 361276 201 22019 134686 1 485161862 180511 98979219112341171265110291776 3 20714 338968 466096 5.60441 872750 8082319616.9 31 300 38 33700 211 21239136706 15167 1678 1679 205943277877352024 763078233.19956 414056 03153 LOK 740025 891912 10 50385 25 126243145095 1600 15194 209378 2164 265 100 165 381339429187 5.474 6 34 863305 1083471 13.5546 17.00006 30 134785 156308 151136 208757 242726 2.806793240376532432194 498395 513 7 61738 10 06.306 13.26768 1740940 229230299992 40 1486 181403 2004 262506320043958364010251836 70 351331103872 147421134523140024525038 109 4600512 95 39672 237.37631 146977150 890000 SOLO SCS100 SOLTOO PICO ISEOOO08600 SEED OILSOO S1600 IT 890 ILS LESO 091902.990 GO S ORIO NO SESTO 900 ERLEBISPO LISSO SOLO O O OCHOTTISCHE 91061 OCZ O OSO 996 6666 1159 SZINO TORO SRLO I TO LECTORIO CREO ON THE STO 6611VO POLVO LOSS 9.6VO TOTO O 905000 20 65100 FOCO O SINO BOLO SHIO 112O6ROLLO SOLEO SEO SERPOO TISODE6190 W LO900100 CBESOO 6900 SSROO 16 0510610 TO SCOLTOO O OOO 0050 LENSO 01659 1950 SODO CHOOTLOO OCOLOSITO COOHTO SCHOOL TO CO SECO CO CISCO SE TOLVO SO S6090 6 LLULOS STID 15900 OLTRO SITO OCIO OULSIO SITO O 999LTO LOOTED OLLHO 100 PO S SO ISO 16000LSESLO PILOO to PLUTO ESETO OLOT 986 TIPO ITO PERO NO GLPE NIPO L OSSLESO O S OSIELO EM TE 80900901RIO 1981 TOSSICO CHICOTEO ELIDEO 689LEO 19011 SESTO SCOSO 90550 o CLSO PROS6800 oto 119110 TO 1110 611610 LIZO SOLO SOCCO 851980 SEO O P PO OSO OZOLSO ISO 1990 196SLO CSO 61 SEO OCIO SESTO 961 66117O STOSO 98560 HEOSE CHIOSSIDO ONESP O SO GESSO L11190 9100L 1619LO COVS 11 0.40245 037135031657 0.27077 023107 0.1974 0.16563014554 004507 0.43630 0.47318 0.51337 17 084433 0.77699 071416 065720 060502055720 162 0,05409 129 39365 0.33873 0.19119225187 021763 0.6131757671 0.53391 .49447 0.45811 0.42458 0.72545 0.67362 85182 0.76803 16 167900 OTO 000 ECO PRO PSICO SHOCOLINO 610 TOISTO LISO PESSSO 69650 98119 0 0 PO 66 S11980S1 SLOO TOTO SITO EOCO SCOCO POPEO SEO OECHO SUTO LOSOS O 266ESO SLLS0SLLI90 11990 FLLOCO SLO8118965930 600 LACOSSO COREOOLLVEOGIO OFO 986PO CORSO LHOSO 50000 600 600 O SELO COELLO COCO BEO ITO 995TORSSTORICO ESSEO HILO 10 606FONOSZSO SO SO 091290 1990 IOLO DEROSO DO SHBO I 11 0.89632 0.54893 0.80426 0.76214 0.72242 065495 0.64938 0.61620 0.58468 0.55491 0.53679 0.47509 041855 0.38753 0.35049 031728 0.28748 0.13459 191910 LOCOTIESEOSSO THERO 61690 SENOS GESSO CHI 10 66190 55290 2680LO SOLO OTSO SOCIOLO T60 190950060GOOIPOPO CHVOSCOOS 0 60150051650 190 191190 0690 ESCOLO ELEELO 21994 0 2008 0 O S GES060 01 1160 6 O 043393040138 033257 0.48165 045215 097908 0.50563 0.33490 0.53464 8092348 0.88771 085349032075 078941 075941 073069 070319 06761065160 0627410501054027 050187 046 51116 0 68744 066506 062275 058190 4701 0 7 7 093272 0.90103 0.87056 054127 081309078599 0.799970 0.5247056417 0.66634 0.81017 0.76790 0,14626.72525 0.70496 0.70031 0.81350 0.83748 0.88797 0.86230 0.01454 0.94205 6 83101 EHSOSPESO C0090 66190 089 0 GUILO PUNO ISOLO SECO SPOSO (1630 26113019098 SBERTO 6060 9860 S60 S SUZITO ESSE90 E90 106190 POLO EOSELOOSOLO 620 OSO OSO 958530 01580 180 618880 SOSO50SB60312860 860960 8900037630 0.36384 035161031962031630 079333 0.77213 075131 073119 071178057870 3 097059 0.95632094232 0.92800 0.91514 090194 0.79719 06944 2 098030 0.97066 090117 095181 096260093351 0.92456 0915730 070909845039000 0.87344 085734 0.34168092645 0.3116 FERO 98160050060606060 EI60 EOS 60 S6006160 8260 260 So I II 40094606 908 902 909 555 90 S60 1960 957 90' 1960 SOLSO195260 SEOS60 F 90 ST90 S60 C10660 191 W (1+) PV = TABLE 2 Present Value of $1 TABLE 3 Future Value of an ordinary Annuity of $1 PVA (+)-1 # 70 454 0 0 0 0 0 0 1 10000 10000 10000 10000 10000 20450 0000 20600 10000 2010 20300 10000 2010 TOO 20550 3 160 20500 104 1.546 90 0000 10000 10000 201002015020300 30301 30452 30604 4.0604 40909 5101051533 52040 20050 30756 21000 3100 21100 3301 21200 3.3744 2.0900 32731 57 597 346 34 4.5001 5666 47097 4399 5.7507 4793 53563 61051 19 66.1520 6.2296 .3081 7 72135 73230 74343 75474 76615 # 257 3431 5830 730 8933 90517 9 9.3635 9.5593 9.7546 9.9545 10.1591 10 3655 10 10.4622 10.7027 10.991 11. 2034 114639117314 12.0061 97116 11.2563 80743 7153 75333 15 701 US 33938 3.6540 392289.2004 9.4572 9.7833100890 102593106366 11028511435911 594 12 2997 11.9780 12.4876 13.0210 13.5795 141640 14.7757 1108 1164 1 1 5.1919 1914 18 720 17.5457 9.9299 12915 18.991 20.7989 35 9587 12.8754 13.8412 14.205 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1430 13.4864 12 12.6825 13.0412 13.4121 13.7956 14.1920 14600 15.0258 13 13 8093 142368 146803 151404 156178 16.1180 16.6368 14 149474 15.4504 159739 16:5190 1708) 17.5770182919 15 16.099 1661 17.2934 17919 1919 192951 200336 17 18 17.7130 14.5835 14.9716 15.716 18.6450 11.560318.531119.5614 206546 31.1504 16.3856 16.5099 17.8855 189771 201407213843 22.7132 241331 39 5305 18.2868 1862 20160614953 22.953424522732116280291434966 20.2926 210151 22.5505242149260192 27975030091932.3936 59 1959 22.4087 23.2160 25.129071521 360937725 4054 372797 720351 11.7105 146411 33.6725 2019 17.3881 02 29.336 87 33.0034 69737 907 056 .1996.7533 Soos 16 17.257 179334 18.638319.303 1814209718 1718404 19 2014 20 012120167 31161632050 11 19.6147 2048 21412322386334144 99256454 19208109 21797206239403511093357276712 20 2019 23.1237 249 2554126370428 7 32.1027 331600 3314635011 69995634397 4 5756 05100 100 775004072015 21 13.2393 24475 25.7833 17.1833 8.875 30.1095 31.90933 .7831 35.7193 37.761 9.9997 4.86530.419 4.76451003572.305110987 3 3.7849 3753874056811392747574 16756059 .0071 66 4388 724356 79 02 08 113 114 10716101990202413711815816 40488864 5426796040206742675103 550 5510701031109 110 154160 161 167 2 581 7670914 734 3578 LE - 13 DO 0.99010 197040 1.5% 0.98522 1.95588 2.046 2.3% 0.98039 0.97561 1.94156 2.88355 3.807733.76197 471346 464583 3.0% 3.55 097087096615 1.91347 89969 280166 S 291220 55% 60% 70% 80% 90% 100% 10% 12.04 0.0% 096154 095694 095238 094787 094340 093453 092593 091743 0.90909090090 089286 083333 167267 41 134632 183339 130802 1783267591173554 7125210S152778 277509 2.74896272325 269793267301262412 257710 253129245685 2.44371 240183 210648 3.62990 3.58753 54595 SOSIS 346511 338721 3.31213 2197 31697 1025 10175 7 3 44518243995 432948 427038 4.21236 4.10000 3.99271 3.88965 3.79079 3.69590 3.60478 2.99061 2.94099 390197 3.85435 4853434.78264 S 5.60143 5.50813 7 5.09719 6.59821 5.79548 6.72819 7.65168 $56602 9.47130 5.41719 6.23028 7.01969 5328555.24014 S15757 794.993 4.91731 4.764 468 4.48593435364.23054 cm 333551 6.11454 6.00205 5.89270 5.78637 568297 5.58238 5.38929520637 5.03295 4.86342 4.71220 456376 360459 6.87396 6.73274 6.59589 6.46321633457 620979 5.97130 5.74664 5.53482533493 5.14012496764383716 7.607697435337.26579710782 6952206801696.51523624689 5.99525 5.75902553705 5.32825403097 331661 8.11090 791272 7.72173753763 736009 7.02358 6 71008641766614457 588973 565092419247 16234 S 9 10 8.36052 922218 3952:59 3.75206 11 10.3676 10.07112 9.78655 12 11 25508 1090751 10.57534 13 12.1334 11.73153 1134837 14 13.00370 12.54338 12.10625 15 so114123 12 84926 12 9.252629.00155 8.76048 8.53892830541 8.09354 7.88687 749567 7.13896 6.30519 6.49506 6.20653 5.93770 4.32706 966333 938507 9.11858 586325 561652 38184 794209753608716073681369 6.49236 6.19437 443922 10 30274 9.96565 9.652859.39357 9.11 708 885268 35765 7.90378748690710336 6.4987642355 453268 10.92052 10.56312 10.22283 9.89864 9.589659.294988.74547 3.2424 7.736157.36609 6.95182 6.62517 461057 11.93794 1151141 111119107395510 379661003758971225 910791 35594806097 7 .19057681086467547 3885 S 16 14.71787 14.13126 13.57771 13.05500 17 15.56225 90765 1.29187 13.71230 18 1639827 15.67256 14.99203 14335336 191722601 16.42617 15.67846 14.97889 2018.04555 17.16864 1635143 15 58916 1240 12,0041211.65 11.23403 10.83777 10.46316 10.105909.44665 3.85137 312567.83371 737916 .9739972956 13.16612 12.65132 12.16567 11.707191127407 1086461 10.47726 9.76322 9.12164354363802155 754879711963 477463 13.75351 13.18968 12.65930 12.15999 1168959 11.2407 1082760 10.059099.37189875563 3. 20141 7.70162 724967 481219 1432350 13.70934 1313394 12.593291208532 11 6076511 1512 1033560 9.00360 895011336492783939736578 454350 1487747 14.21240 13.59033 13.00794 12 46221 11 95033 11.46992 10 59401 9.81815 9.12855 8.51356 796333346944480958 21 18.3549 17.90014 17.01.21 16.18455 1541542 14.00797 14.2016 13.40472 12.82115 12.27534 11.7648 1033553 10.01030 .29234 .44800 3.07507 7.56200 430132 25 2202316 20 71961 19 52346 1842438 1741315 16.48151 15.62205 14.82821 14.09394 13.41393 12.78336 11.65358 10.67478 9.82258 907704 3.42174784314 454759 30 2580771 2401884 22.39646 20.93029 19.600 18.392051729203 16.28889 15.37245 1453375 13.76483 12.40904 1125778 10.27365942001 869379 805518 137894 40 3283469 91585 2735548 25.10278 23.11477 21.35507 19.79277 18.40158 17.159091604612 15.04630 13.33171 11.93461 10.75736 9.77905 895105 520378 499660 1 TABLES Future Value of an PVAD - ((1+-11 *]*(+ " 13 SI 110100 1015016300 20301 100 276 13000 26400 1840 1000 23100 36410 51051 16 11100 1 231 230 7097 7793 52278 535 9129 115 41523 49547 6.4416 41010 5.1330 100 15 1999 1200 33655393 46321997 110101 111007 114335 114 11. 486 15 160 17757 72018 6 4 1965 16 17 1 1964 5 12:4121 13303 7406 11 1682 12.0412 12 12.8093 132 13 14 H 15 3 15 1523 1834 1 11.977110.1007 20:34 11.7132 1331 3 1 3 1 151 150523210130 09 815210 7534054367 1 0 1 155190 19319 8 3 4 103 0.149 . 9 16 17:41 1814 18.07 1718647 194894204123 IS 19109 207807 213406 19210130 2133 294 29547 30.5403 2.750 48129057 330 16.400 0101 4 15306 01 3368 1 104. 9 97 118 04100 10 714 0660 N IS IN LONELE LINE 18 1 11334. 16. 17.2 15335356 0510326709350117373 30 35 27 1018 41379445.000 40 49 3752 55 0961 6100 090876 ST7854 380171010701131450 15 1159 166047131 779 1819 0 9 2090312702936 1837 104 104 TABLE 6 Present Value of an Annuity Due of 1 104 4.5% 50% 604670416 0 4 4 100 110 120% 30.69 1 100000 1000000000000000 1.00000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 21.9910 1982 198019 97501 1970 19601812154 195694 1953 19478719434093458 192939143909 1908 19056183333 3 2.97040 93182416 24 291347299921972072 1612 2033 2002 27352911 273554271353200252778 4 11409 ,91320 335 336 3 3101649 36372125 9791 70 698337710 3.5812934365071301310618 $490197 408 409 419 4217104673084619 458753 4545950s 4.511 38721 312134921 4100454037353.58 5 6 7 .48182 62214 5343 .78364 71348 71 1 8 9 0119660186 081) 6.41719 633555 777810 71 74710 7 720 711454 65168 .45593 3354817014 0907879 950002 9.30052916734 708 711 607 6 3.2733 5:1236 5.10020099271 4.10 409 410 3 306 599553591725.74654 568 5.415925355365.2054 5111412551 97 658238 6.30929630637 6033953 165423.71230 5568754804 733457 70979 697130 676 651 61461255754 481716 795230 7101697515374 69952567506515 635 503007 9 10 771274 511 759519 619 11 10.471 1.71218 98250 9.750 00316410 .110 9 1 7 213 533 36000 363158 7710 741146 145 . 23 6.602 103 12 1136763110/112 10 73105142110257610001S 76048 9520291064109254 8496 1897.519 749506 720652 80170517706 131225508 11 9051 1157514 1135778 10 95400 1066333 100 101115896131616529.34 94309 53608816073 781 747187197 54912 14 1313314 12.73153 1234837 1831811 6195113024 10 6 10 10.5 111708935363935365 0378 846690103367768774355553788 15 1400310 13 54338 1310525 120 1229607 1193052 11.560121122233 10.98641959 10.29499974547 914 765 166970187 76 51 16 Teases 142 1436 11 11037941131141121139 11.795 11.379 108 107173 10.10791 . . . 1 7.10387547 17 157 15 1651405500 13.560 130941716123012330 1 146116 11 1051044565 25137 932156 237 6771573955 15 1856 157 15 97 4712 14 16 18 13.1667019 120 114772 103 1017164 036 902155854 11965. 73 1911 1667956 1955 1475 141016190 12091460111170110 10.37189 20141 2 19 20122001 1742 1667 15 15 33 14 794 1413394 1359329 13053711 6078512150113301309901 36421283857 186444 IN 1 19.314 14 14 15 130 14.0 14.00 11.11 11. 11.2011 11101 2232419 101001110111 1 12 170 18 1140 14181 1 700118 10 4 70 0657942 1431845 017 1718 1533110 450 1707 171541 1 0101 0115273 4538160330104517790359 25703108210200548 1929 18 1704 16966 IS ST 126 1278 11735510 151 1 5 2