A one-year, $23,400, 10% note is signed on April 1. If the note is repaid on August 1 of the same year, how much interest expense is incurred? (Do not round intermediate calculations.) Multiple Choice $975 $2,340 $585 $780 Tonto Company purchased property for $155,000. The property included a building, equipment and land. The building was appraised at $84,000, the land at $56,000, and the equipment at $29,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.) Multiple Choice $84,000 $0 $155,000 $77,035