Practice Qu book Exercise A3-18 (Algorithmic) Present Values Use Present Value Tabias or your calculator to complete the requirements below. Ramon Company signed notes to make the following two purchases on January 1, 2020 a new truck for 561,000, with payment deterred until December 31, 2021. The appropriate tert rate compounded annual b. a small building from Wandrow Builders. The terms of the purchase require 575,000 payment at the end of each Quarte beginning March 31, 2030, and in June 10 2022. The appropriate interest rate is per quarter Required: Round your answers to the nearest cant Wrounding it required 1. Complete the information needed to prepare a cash flow diagrams for these two purchases an years per year 1/1/20 Amount of Payment or Deposit 12/31/21 quarters per quarte Amount of Payment or Deposit 6/30/20 9/30/20 6/30/22 1/1/20 3/31/20 Previous Net 2. Prepare the entries to record these purchases in Ramon's Journal ja 3. Prepare the cash payment and interest expense entre for purchase at March 11, 2020, andre 30, 2030. If an amount to request veit bank March 31, 2020 June 30, 2020 4. Prepare the adjusting entry for purchase a at December 11, 2020 Dec 31, 2020 Previous Ned