Ayayai Lorporation manuractures Dallet snoes and is in a perioa or sustainea growtn. In an errort to expana its proaucti on capacity to meet the increased demand for its products, the company recently made several acquisitions of plant and equipment. Tanya Mullinger, newly hired with the title Capital Asset Accountant, requested that Walter Kaster, Ayayai's controller, review the following transactions: Transaction 1 On June 1, 2023, Ayayai purchased equipment from Venghaus Corporation. Ayayai issued a $20,000, 4-year, non-interest-bearing note to Venghaus for the new equipment. Ayayai will pay off the note in 4 equal instalments due at the end of each of the next 4 years. At the transaction date, the prevailing market interest rate for obligations of this nature was 8%. Freight costs of $300 and installation costs of $300 were incurred in completing this transaction. The new equipment qualifies for a $1,500 government grant. Transaction 2 On December 1, 2023, Ayayai purchased several assets of Haukap Shoes Inc., a small shoe manufacturer whose owner was retiring. The purchase amounted to $209,500 and included the assets in the following list. Ayayai engaged Tennyson Appraisal Inc., an independent appraiser, to determine the assets' fair values, which are also provided. \table[[ \table[[Haukap], [Book Value]], Fair Value], [Inventory, $59, 500, $49, 700 Transavtion 1: equipmemt $ Transactiom 2: imvemtory $ land$ Building$ use present balye of an ordinary annuity of 1 During its fiscal year ended May 31, 2024, Ayayai incurred $7,500 of interest expense to finance these assets. Transaction 3 On March 1, 2024, Ayayai traded in four units of specialized equipment and paid an additional $24,500 cash for a technologically upto-date machine that should do the same job as the other machines, but much more efficiently and profitably. The equipment that was traded in had a combined carrying amount of $34,500, as Ayayai had recorded $44,500 of accumulated depreciation against these assets. Ayayai's controller and the sales manager of the supplier company agreed that the new equipment had a fair value of $63, 500. (b1) For each of the three transactions described above, determine the value at which Ayayai should record the acquired assets. For any measurement involving present value concepts, provide your calculations using any of the following: tables, Excel functions, or a financial calculator. (Do not round intermediate calculations. Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e. g. 5,275. The tables in this problem are to be used as a reference for this problem.) Click here to view Table A 4 PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 Transaction 1: Equipment $ Transaction 2: