correct answer

Your answer is correct. On January 1, 2025, Marigold Corporation sold a building that cost $259,090 and that had accumulated depreciation of $102,230 on the date of sale. Marigold received as consideration a $249,090 non-interest-bearing note due on January 1,2028. There was no established exchange 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, 2025, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458.581.) The amount of gain should be reported $ eTextbook and Media Attempts: 1 of 3 used (b) On January 1, 2025, Marigold Corporation purchased 324 of the $1,000 face value, 9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1, 2026. Marigold purchased the bonds to yield 11%. How much did Marigold pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 The amount of gain should be reported eTextbook and Media Attempts: 1 of 3 used On January 1, 2025, Marigold Corporation purchased 324 of the $1,000 face value, 9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1, 2026. Marigold purchased the bonds to yield 11%. How much did Marigold pay for the bonds? (Round foctor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581. Marigold must pay for the bonds $