$7.$ On January $1,2024,$ Zhang Corporation entered into a four$-$year operating lease. The payments were as follows: $$25,500$ for $2024,$ $$18,500$ for $2025,$ $$15,500$ for $2026,$ and $$13,500$ for $2027.$ What is the correct amount of total lease expense for $2025?$

Multiple Choice

$$18,500$

$$18,250$

$$22,000$

$$25,500$

$8.$ During the year, Hamlet Incorporated paid $$21,000$ to have bond certificates printed and engraved, paid $$180,000$ in legal fees, paid $$10,000$ to a CPA for registration information, and paid $$250,000$ to an underwriter as a commission. What is the amount of bond issue costs?

Multiple Choice

$$21,000$

$$201,000$

$$461,000$

$$430,000$

$9.$ Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January $1,2024.$ The manufacturing cost of the computers was $$19$ million.

This noncancelable lease had the following terms:

Lease payments: $$3,287,947$ semiannually; first payment on January $1,2024$; remaining payments on June $30$ and December $31$ each year through June $30,2028.$

Lease term: $5$ years $(10$ semiannual payments$).$

No residual value; no purchase option.

Economic life of equipment: $5$ years.

Implicit interest rate and lessee's incremental borrowing rate: $9\%$ semiannually.

Fair value of the computers on January $1,2024$: $$23$ million.

What is the outstanding balance of the lease liability in Lone Star's balance sheet on June $30,2024?$

Multiple Choice

$$18,198,200$

None of these answer choices is correct.

$$23,000,000$

$$18,198,191$

$10.$ A bond issue with a face amount of $$1,000,000$ bears interest at the rate of $7\%.$ The current market rate of interest is $8\%.$ These bonds will sell at a price that is:

Multiple Choice

More than $$1,000,000.$

The answer cannot be determined from the information provided.

Equal to $$1,000,000.$

Less than $$1,000,000.$