Crane Companyreceived $147000in cash and a used computer with a fair value of $357000fromWildhorse Co.forCrane Company's existing computer having a fair value of $504000and an undepreciated cost of $472800recorded on its books. The transaction has no commercial substance. How much gain shouldCranerecognize on this exchange, and at what amount should the acquired computer be recorded, respectively?

$1505and $218705

$31200and $357000

$147000and $472800

$0 and $325800

2During 2017,Bonita Industriesconstructed assets costing $3960000. The weighted-average accumulated expenditures on these assets during 2017 was $2370000. To help pay for construction, $1770000was borrowed at9% on January 1, 2017, and funds not needed for construction were temporarily invested in short-term securities, yielding $32000in interest revenue. Other than the construction funds borrowed, the only other debt outstanding during the year was a $1910000, 10-year,8% note payable dated January 1, 2011. What is the amount of interest that should be capitalized byBonitaduring 2017?

$213300.

$106650.

$207300.

$351300.