8. Apex (accrual-based taxpayer) paid the following in 2021. How much would be deductible and when is it deductible? a. Prepaid interest on a loan for the period 10/1/21 - 9/30/22. $2,400 paid on 11/30/20. b. "Points" (prepaid interest) a 5-year business loan on 7/1/2021 - $ 4,000. Loan period 7/1/21 -6/30/26. C. $5,000 in interest for the period 1/1/21 - 12/31/21 on a loan where 75% of the proceeds were used to purchase municipal bonds and 25% was used for other business purposes. 9. Same question as number 8 except Apex is a cash basis taxpayer