1- Noble, Inc. acquires land for $56,000 cash. Additional costs are as follows. Removal of shed $ 300 Filling and grading $1,500 Broker commission $1,130 Noble, Inc. will record the acquisition cost of the land as (1) $59,370 0 2) $57,130 3) $58,930 4) $56,000

2- Hamett Company purchased merchandise inventory with an invoice price of $7,500 and credit terms of 2/10, n/30. What is the net cost of the goods if Hamett Company pays within the discount period? O 1) $7,350 0 2) $6,000 () 3) $7,380 0 4) $7,500

3- Lee Company sells merchandise on account for $2,500 to Kelly Company with credit terms of 2/10, n/30. Kelly Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? (1) $2,460 0 2) $2,450 (3) $1,960 0 4) $2,000

please answer all the questions, TYPE the answers. NO handwriting.