A) On January 1, yumati electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 20 semi annual payments beginning May 31. What is the approximate amount of each payments that Yumati will need to make?

B) Which of the following items would not appear in the operating section of the multi-step income statement of a retailer?

1. Sales of Products

2. Depreciation Expense of Store Equipment

3. Gain or Loss of Disposal of Store Equipment

4. Costs of Goods Sold