Use Present Value Tables or your calculator to complete the requirements below. Ramon Company signed notes to moke the following two purchases on January 1,2020 : a. a new truck for $55,000, with payment deferred until December 31,2021 . The appropriate interest rate is 9% compounded annually. b. a small building from Wandrow Bullders. The terms of the purchase require a $75,000 payment at the end of each quarter, beginning March 31,2020 , and ending June 30,2022 . The appropriate interest rate is 2% per quarter. Required: Round your answers to the nearest cent, if rounding is required. 1. Complete the information needed to prepare a cach flow diagrams for these two purchases: Amou Payn or De b. n= quarters \% per quarter 2. Prepore the entries to record these purchases in flamon's journal, Frestect toneck Mos incorrect 3. Prepare the cash payment and interest expense entuh s for purchase b at March 31, 2020, and June 30, 2020. If an amount bax does not require an entry, learit it 4. Prepare the adjusting entry for purchase a at December 31,2020