A company sells a plant asset that originally cost $375,000 for $125,000 on December 31, 2022. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a $250,000 loss on disposal. $100,000 gain on disposal, $100,000 loss on disposal. $62,500 loss on disposal. Watauga County Bank agrees to lend Farm Caf $500,000 on January 1, 2021. Farm Caf signs a $500,000, 6%, 9-month note. Use the following tabular analysis to record the proceeds and issuance of the note by Farm Cafe: Aws Liabilities Notes Bayati Accounts Payable Convon Stock Stockholders' Equity Retained Gamings R ON . + Increase to Interest Expense for $22,500, increase to Cash for $477,500, and an increase to Notes Payable for $500,000. Increase to Cash and to Notes Payable for $500,000, Increase to Cash for $500,000, increase to Interest Expense for $22,500, and an increase to Accounts Payable for $522,500. Increase to Cash for $500,000, increase to Interest Expense for $22,500, increase to Notes Payable for $500,000, and an increase to Interest Payable for $22,500. Norlan Company's cash receipts for October amounted to $36,750, which includes sales and sales tax. If the sales tax rate is 5%, what amount must be remitted to the state for October's sales taxes? $1,750 $1,838 $88 It cannot be determined