1) The Office Supplies Inventory account had a balance of $ 1,000 at the start of fiscal year X1. Purchases of supplies during the year totaled $ 9,500. Finally, the cost of unused supplies at the end of the fiscal year was estimated at $ 3,500, following an inventory check. Note that all purchases during the period were posted to the Office Supplies Inventory account. From this information, indicate the amount that should be presented in the income statement as office supplies used for fiscal year X1?

2) On September 1, X1, a business with a December 31 year-end obtains a loan from its bank for an amount of $ 10,000. The annual interest rate is 3%. Principal ($ 10,000) and interest are repayable within one year, when the loan matures on August 31, X2. Indicate the amount that should be presented in the income statement as Financial charges (interest expense) for the year X1?