16. Bellingham Company purchased land several years ago for $500,000. Bellingham sells the land today for $540,000. Which of the following appears on Bellingham's income statement as a result of this transaction? A. $540,000 in sales revenue B. $500,000 in cost of goods sold C. $40,000 in operating income D. $40,000 in non-operating income Epsilon Corporation borrowed $10,000 from Cougar Bank on March, 1, 2022. The loan bears interest at 9% per year and is due in full on February 28,2023. Calculate the amount of Epsilon's interest expense on the loan for 2022. A. $900 B. $675 C. $750 D. $75