1) Your Company borrowed $80,000 on March 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 4.5% per year. What is the amount of interest expense appearing on the 2020 income statement? (Round to nearest dollar if you need to.)

2)Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $875,000, and the machine has an estimated useful life of 10 years (or 800,000 units of product). The machine has an expected salvage value of $60,000. Accumulated depreciation at the beginning of year three was $315,000. What is depreciation expense using the double-declining balance method, for year three?

3)Your Company has 1,000 shares of its own $5 par value common stock properly classified as treasury stock. The treasury stock was purchased for $10 per share. What is the entry to Paid in Capital, Treasury Stock when the companys reissue of 200 shares of this treasury stock for $8 per share?

4)Your Company issued a ten year $100,000 face bond at 102. The interest rate is 3% with payments made on a semi-annual basis on June 30 and December 31. How is receiving the cash from the issue of a bond best classified?