Use the Present Value tables at the end of Appendix A of your textbook to answer the following. questions. Round each portion of your answer to the nearest dollar. On January 1, 2011, Nixon Company purchased a machine and made a cash down payment of $2,000. The seller agreed to allow Nixon to pay for the balance of the machine over a 3-year period at 10% interest and with equal payments of $8,444 due at the end of 2011, 2012, and 2013. What amount should the Company record the asset account, Machinery, as on the day the contract was initiated? (round to the nearest dollar) O $20,999 O $25,332 O $22,000 $22,999 O $24,000