I need help calculating the Present Value in Excel (using =PV) for problem 2.

The journal entry should be:

Equipment - Truck #2 14,727

Discount on Notes Payable 1,273

Cash 2,000

Notes Payable 14,000

E10-3 (L01) Acquisition Costs of Trucks Kelly Clarkson Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2020. The terms of acquisition for each truck are described below. 1. Truck #1 List price $ 15,000 IClash acquisition cost 13,900 2. Truck #2 List price $ 16,000 Acquisition cost IClash down payment 2,000 Face amount of zero-interest bearing note assumed 14,000 Note due date April 1, 2021 Normal interest rate for this borrowing 10% Incremental borrowing rate 8% ' 3. Truck #3 List price $ 16,000 Acquired in exchange for a computer system that ISlarkson carries in inventory Cost of computer system in inventory 12,000 Normal selling price of computer system by ISlarkson 15,200 Inventory system used by Clarkson Perpetual ' 4. Truck #4 List price $ 14,000 Acquired in exchange for common stock in Clarkson Corporation 1,000 shares _ Par_value_of common stockper share $ 1000