(Click here to view factor tables) 1. On January 1 2017, blossom cooperation sold a building that cost $274,760 and that had accumulated appreciation of $101,930 on the date sale. Blossom received as consideration a $264,760 non interest bearing note due on January 1,2020. There was no established exchanged price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2017, was 9%. At what amount should the gain from the sale of the building be reported?

Total amount of gain should be reported: $

2. On January 1, 2017, blossom corporation purchased 327 of the $1000 face value, 9%, 10-year bonds of walters inc. The bonds mature on January 1, 2017, and pay interest annually beginning January 1, 2018. Blossom purchased the bonds to yield 11%. How much did blossom pay for the bonds?

Blossom must pay for the bonds: $

3. Blossom Corporation bought a new machine and agreed to pay for it in equal annual installments of $4700 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 6% applies to this contract, how much should blossom record as the cost of the machine?

Cost of the machine to be recorded: $

4. Blossom cooperation wants to withdraw $115,500 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the 1st year if the fund earns 11%?

Required initial investment: $

**Round all factor values to 5 decimal places and all final answers to 0 decimal places**