1.) On January 1, 2021, York Company acquires $500,000 of Jersey Company's 5-year, 8% bonds at a price of $650,000 to yield 6%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that York Company uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2022 related to these bonds?

3.) During 2021 Giant Company purchased 8,000 shares of Small, Inc. for $10 per share. During the year Giant Company sold 2,000 shares of Small, Inc. for $23 per share. At December 31, 2021 the market price of Small, Inc.'s stock was $25 per share. What is the total amount of gain/(loss) that Giant Company will report in its income statement for the year ended December 31, 2021 related to its investment in Small, Inc. stock?