Johnstone Company is facing several decisions regardinginvesting and financing activities. Address each decisionindependently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of$1 and PVAD of $1) (Use appropriate factor(s) from the tablesprovided.) 1. On June 30, 2018, the Johnstone Company purchasedequipment from Genovese Corp. Johnstone agreed to pay Genovese$27,000 on the purchase date and the balance in eight annualinstallments of $4,000 on each June 30 beginning June 30, 2019.Assuming that an interest rate of 10% properly reflects the timevalue of money in this situation, at what amount should Johnstonevalue the equipment? 2. Johnstone needs to accumulate sufficientfunds to pay a $570,000 debt that comes due on December 31, 2023.The company will accumulate the funds by making five equal annualdeposits to an account paying 7% interest compounded annually.Determine the required annual deposit if the first deposit is madeon December 31, 2018. 3. On January 1, 2018, Johnstone leased anoffice building. Terms of the lease require Johnstone to make 20annual lease payments of $137,000 beginning on January 1, 2018. A10% interest rate is implicit in the lease agreement. At whatamount should Johnstone record the lease liability on January 1,2018, before any lease payments are made?