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At what amount will Kimberly Initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31, 20217 (Round your answers to the nearest dollar value. Table or calculator function Future Value n= Present Value Interest expense On June 30 2021, Kimberly Farms purchased custom made harvesting equipment from a local producer in payment, Kinberly signed a noninterest-bearing note requiring the payment of $60,000 in two years. The folr value of the equipment is not known, but an Interest rate properly reflects the time value of money for this type of loan agreement (EV of $1. P of $1. EVASI PVA 1. EVAD 0 S1 and PVAD OF $ 1) (Use appropriate factor(s) from the tables provided.) At what amount will Kimberly Initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31 2021 (Round your answers to the nearest doltar value.) At what amount will Kimberly Initially value the equipment? How much interest expense will Kimberly recognize in its Income statement for this note for the year ended December 3 20277 (Round your answers to the nearest dollar value.) Answer is not completo. FV of $1 51.420 Table or calculator function Future Value n= TE Present Value 9 8 51,420 > Interest expense 2,057