1. On January 1, 2017, Marigold Corporation sold a building that cost $258,210 and that had accumulated depreciation of $105,500 on the date of sale. Marigold received as consideration a $248,210 non-interest-bearing note due on January 1, 2020. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2017, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581. Use the interest factor tables)

2. On January 1, 2017, Marigold Corporation purchased 333 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Marigold purchased the bonds to yield 11%. How much did Marigold pay for the bonds?

3. Marigold Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,280 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 6% applies to this contract, how much should Marigold record as the cost of the machine?

4. Marigold Corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that Marigold should pay $20,180 at the time of purchase and $5,020 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2017, at what amount, assuming an appropriate interest rate of 12%?

5. Marigold Corporation wants to withdraw $113,110 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%?