Border Company purchased a truck that cost $27,000. The company signed a $27,000 note payable that specified four equal annual payments (at each year-end), each of which includes a payment on the principal and interest on the unpaid balance at 15% per annum. Note: Use the appropriate factor(s) from the tables provided. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Required: Calculate the amount of each equal payment. Prepare the journal entry to record the purchase of the truck. Prepare the journal entry to record the first annual payment on the note (assume no interest has been accrued during the year).